Users expect another price hike with PEPE listings on BitMEX by CoinEdition

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© Reuters Users anticipate another price hike with PEPE listings on BitMEX
  • PEPE lists on the BitMEX exchange on May 3, 2023.
  • BitMEX users can trade PEPE via PEPEUSDT trading pairs.
  • Investors expect PEPE’s listing on BitMEX to spark another big rally.

Investors are anticipating that PEPE’s listing on BitMEX will spark another big rally after the token showed itself as one of the most profitable coins in the crypto industry this year. PEPE catapulted into the limelight after being listed on popular cryptocurrency exchanges such as OKX, Huobi, Gate.io, and MEXC.

Starting today, May 3, 2023, BitMEX traders will have access to long or short positions on PEPE via the PEPEUSD and PEPEUSDT trading pairs with up to 50x leverage. It marks another milestone in the life of the animated frog meme coin that is already popular among crypto users.

The new meme coin is back in impressive numbers amidst huge adoption. Despite its recent launch, the swelled community and growing number of investors has led to massive shifts in the value of the meme coin. PEPE launched on April 15 at $0.000000001 and reached an all-time high (ATH) of $0.00000138 before reversing to $0.00000106 at the time of writing.

Because of the rise, PEPE shot into the top 100 cryptocurrencies on CoinGecko. It is ranked 99 at the time of writing, with a market capitalization of $442.15 million and a 24-hour trading volume of $212.2 million.

Today’s listing on BitMEX is one of several other highly anticipated listings on top exchanges. There is speculation that Coinbase (NASDAQ:) is about to list PEPE after users noticed that the cryptocurrency exchange had created a page on its website titled “How to Buy Pepe.”

PEPE is an ERC-20 token with a supply of 420.69 trillion tokens, joining the growing number of meme coins in the crypto industry. Despite many other Pepe the Frog NFTs tokens and tokens, the latest PepeCoin (PEPE) has grabbed the market’s attention differently.

The post users anticipate another price hike as PEPE listings on BitMEX appear for the first time in Coin Edition.

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