As Cryptokoin.com reported, the news that investors have been waiting for has finally arrived after many crypto exchanges listed FLOKI and PEPE! Giant cryptocurrency exchange Binance announced that it has listed FLOKI and PEPE! Here are the details…
The giant cryptocurrency exchange Binance lists FLOKI and PEPE!
The world’s leading cryptocurrency exchange, Binance, announced that two new memecoins, FLOKI and PEPE, have been listed in the Innovation Zone. Trading of these spot trading pairs will start on May 5, 2023 at 19:00 CEST with new trading pairs FLOKI/USDT, FLOKI/TUSD, PEPE/USDT and PEPE/TUSD.
Binance has also added FLOKI and PEPE as new loanable assets with these new margin pairs on Isolated Margin. Deposits for FLOKI and PEPE are now available and withdrawals will open at 19:00 CEST on May 6, 2023. FLOKI and PEPE’s trading in the Innovation Zone caused an increase in their prices. Shortly after the announcement, the prices of both memecoins rose more than 60 percent, with PEPE trading at an all-time high of $0.00000330 and FLOKI at $0.00005163.
Binance has announced that it has problems with PEPE and FLOKI investments!
On the other hand, although the excitement increased with the listing of PEPE and FLOKI, the giant cryptocurrency exchange Binance had problems with deposits. However, making statements, Binance stated that the transactions were temporarily suspended. Binance cited technical problems and stated that PEPE and FLOKI investment transactions could not be made. Addressing investors in the statements made, Binance said, “Please note that you may not see the tokens you deposited. We are working on resolving this issue. We would also like to point out that some previous deposits cannot be displayed. We will report the developments,” he said.
On the other hand, the rise in the cryptocurrency PEPE and popular meme coin FLOKI, which has come to the fore in recent weeks, does not stop. Especially with the announcement from Binance, both cryptos rose by more than 60 percent and attracted the attention of many investors. In the last 24 hours, PEPE has risen 104 percent and is momentarily trading at $0.00000330. FLOKI is currently trading at $0.00005152.
What are FLOKI and PEPE?
FLOKI is a memecoin project that has developed multiple products such as an NFT-based game, NFT collectibles, and a crypto debit card. FLOKI is the utility coin for the product ecosystem. Pepe, on the other hand, is a meme coin based on the cartoon character “Pepe the Frog”. However, Pepe has no coin utility and was created by an anonymous team. It is important to remember that Memecoins are extremely high risk and investors should practice adequate risk management.
Innovation Zone is a special trading zone where users can trade new, innovative coins that are likely to have higher volatility and pose higher risk than other coins. All users are required to read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer before trading in the Innovation Zone. There will be no trading restrictions on trading pairs in the Innovation Zone. However, Binance advises its users to exercise caution and practice adequate risk management when trading cryptocurrencies.
As a result, the addition of FLOKI and PEPE to the Binance Innovation Zone provides investors with a new opportunity to explore and capitalize on the high volatility of these memecoins. However, it is important to be cautious and apply adequate risk management when trading cryptocurrencies.
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