• PEPE is the top gainer of the week, entering at #89 with a market cap of $525M.
• The project scored 149,000 followers on Twitter and $PEPE now has over 71,000 holders.
• Binance CEO Changpeng Zhao replied to a question regarding $PEPE in an AMA session on Twitter Spaces.
Pepe Token Makes Dramatic TOP 100 Entrance
Emerging memecoin Pepe (PEPE) is the most talked about cryptocurrency on Twitter this week. Entering at #89 in the global crypto charts, it has a market cap of $525M and bi-weekly gains totalling 552%. With new ATH of $0.00000107, it’s clear that the project is gaining momentum and attracting attention in the crypto space.
Successful Adoption by Crypto Community
The three-week-old memecoin project has been met with great success amongst its users – boasting 149,000 followers on Twitter and over 71,000 holders according to Etherscan. Further, Pepe has been trading at a higher volume than other popular cryptos such as Shiba Inu (SHIB) and Dogecoin (DOGE). This week alone saw a 365% increase in price for PEPE token from last week.
CZ’s Response Regarding Binance Listing
At an Ask Me Anything (AMA) session on Twitter Spaces, Binance CEO Changpeng Zhao was asked when Binance will list Pepe token to which he replied “We don’t like coins that have a very small circulating supply… but they have a large total supply in reserve”. CZ explained that he tries to avoid pumps & dumps caused by sudden increases in supply followed by dramatic price plunges – causing backlash from some members of Crypto Twitter who still insisted that PEPE be listed on Binance.
Positive Outlook Despite CZ’s Comments
Despite CZ’s somewhat negative assessment of listing Pepe token on his platform – popular crypto YouTuber YourPOP deems collaboration between Binance and PEPE inevitable due to its growing success amongst users and high trading volumes despite being only 3 weeks old.