BitPoint Luncurkan PEPE di Jepang, Apa Kejutan di Baliknya?

BitPoint Japan has recently announced the launch of trading for the PEPE token, a memecoin that has become the first digital asset of its category to be officially listed in Japan.

Inspired by the iconic PEPE the Frog meme, PEPE is now available on BitPoint's platform for spot trading, lending, and futures trading. This marks a significant milestone for the Japanese cryptocurrency market, embracing the growing trend of memecoins worldwide.

At the time of writing, the price of PEPE has surged by over 5%, currently trading around US$0.00000956, with a market cap exceeding US$4 billion.

New Opportunities for Japanese Crypto Investors

With this listing, BitPoint opens up opportunities for Japanese investors to partake in memecoins, a sector that has become one of the biggest phenomena in the global crypto market.

As reported by Coindesk Japan, PEPE's presence on BitPoint not only allows investors to buy and sell the token but also presents additional investment opportunities through lending and staking programs.

In a crypto landscape often dominated by traditional assets like Bitcoin and Ethereum, the entry of memecoins such as PEPE offers new avenues for investors seeking to tap into emerging trends with potentially high returns.

To further engage with local investors, BitPoint is running two special campaigns to raise awareness about PEPE. The first involves a lottery for users who purchase a minimum of 10,000 yen worth of PEPE, with ten winners receiving an additional 100,000 yen worth of PEPE.

The second campaign targets BitPoint's social media followers and is designed to increase engagement and widen the investor base.

PEPE and Its Appeal

One of the aspects that make PEPE stand out in the market is its deflationary model. With each transaction, a small portion of the PEPE tokens is burned, meaning they are permanently removed from circulation.

As a result, the total supply of PEPE tokens gradually decreases over time with increased transaction activity.

This mechanism is believed to create higher demand due to increased scarcity, thus offering potential value appreciation for investors who choose to hold the token long-term.

The deflationary feature is not commonly found in most cryptocurrencies, making PEPE an attractive option for investors interested in unique token economics.

With its limited supply, PEPE has garnered significant attention, particularly among younger investors who view it as an opportunity for quick profits.

The Memecoin Trend and Its Impact in Japan

The memecoin phenomenon is not new in the global crypto market, but the regulatory acceptance in Japan makes this move a historic moment.

BitPoint becomes the first platform in Japan to list a memecoin, signifying a shift in regulatory stance and general perception towards digital assets once dismissed as mere memes or jokes.

BitPoint's move also reflects the growing demand for memecoins, which often gain attention for their potential for sharp price increases, albeit accompanied by significant risks.

Globally, memecoins have captured the interest of retail investors, with the earlier popularity of Dogecoin and Shiba Inu. PEPE emerges as a new contender, riding on this momentum.

Interestingly, the trend is not limited to Ethereum-based platforms but also involves other blockchains like Solana and TON, which have seen significant user activity due to the surge in interest in memecoins.