Leading cryptocurrency exchange Binance has also joined the meme coin craze! Cryptocurrency exchange announced that it has added support for meme coins PEPE and FLOKI. However, Binance CEO Changpeng Zhao warned investors about the volatility of meme-coins.
Critical PEPE and FLOKI warning from Binance CEO!
As you follow on Kriptokoin.com, the popular meme-coin of recent days, PEPE, is flying around in the market. Undoubtedly, the entry of the world’s largest cryptocurrency exchange, Binance, into the list was also effective. Binance CEO Changpeng Zhao (CZ) has shared a warning note to the entire crypto community regarding new plans to list PEPE.
Accordingly, CZ warned the community to beware of the high volatility inherent in the PEPE and Floki Inu (FLOKI) duo. It is well known that meme-coins exhibit high volatility beyond what is considered normal. Also, the volatility increases even more when major exchanges like Binance list them for trading. PEPE and FLOKI tokens will go live on the Binance Innovation Hub and the community is excited about the prospects of the event.
Meme coins (and all crypto) are high risk!
Remember, no one is forcing you to buy them. DYOR and be responsible for your own actions. https://t.co/4GBHB3Llkx
— CZ 🔶 BNB (@cz_binance) May 5, 2023
According to CZ, meme-coins and all cryptocurrencies are high risk. Therefore, he emphasizes that listing on Binance is not a vote of confidence. Because it is quite common for most of them to drop in value after listing. Accordingly, CZ reminds that listing is not an incentive to buy meme coins.
PEPE and FLOKI react
Meme coin PEPE Coin has created many millionaires since it was listed! In addition, PEPE does not hesitate in its proposal to chart more ambitious growth paths. Following the news of the potential Binance listing, PEPE entered a parabolic growth path, reaching $0.00000398 with a massive 136% increase. Additionally, FLOKI rose more than 57% to $0.00005198. Meanwhile, PEPE also recorded an all-time high (ATH) in the last 24-hour period. On the other hand, while the listings are celebrated, many believe that FLOKI has made their mark and deserves recognition.
On PEPE Kucoin, the start of meme-coin season?
KuCoin, the fourth largest crypto exchange, has announced that Pepe (PEPE) will be featured on its platform. KuCoin has announced that it will list the PEPE/USDT trade pair for PEPE.
📢 You asked for it, and we did it! 🐸@pepecoineth $PEPE gets listed on #KuCoin!
💎Pair: PEPE/USDT
💎Deposit: now open (network: ERC20)
💎Trading: TBA#meme #memecoin— KuCoin (@kucoincom) May 5, 2023
In a blog post, he revealed more details. Accordingly, deposits are now immediately available, with the supported network being ERC20. KuCoin says it will activate its trading services once the token deposit meets its liquidity requirement. Also, the Crypto.com exchange announced that it will list PEPE/USD perpetual contracts with up to 20x leverage. Bitmex crypto exchange also announced that new PEPE perpetual swap listings are live on the platform with up to 50x leverage via PEPE/USD and PEPE/USDT pairs.
In important news for meme-coins FLOKI and PEPE, Binance, the world’s largest crypto exchange by trading volume, announced FLOKI (FLOKI) and Pepe (PEPE) tomorrow, FLOKI/USDT, FLOKI/TUSD, PEPE/USDT and PEPE/TUSD announced that it will list with open spot trading pairs.
The crypto community has reacted to a series of listings for PEPE, particularly the recent Binance listing. Ran Neuner, a crypto trader, reacted to the listing of PEPE and FLOKI on Binance. He wonders if this is just the start of the meme coin season or if the Binance listing marks the end of PEPE’s pump.
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