Bitstamp Adds Solana (SOL) and Pepe (PEPE) for U.S. Traders

Bitstamp Announces Additions of Solana (SOL) and Pepe (PEPE) for U.S. Traders

Bitstamp, a prominent crypto exchange, has introduced Solana (SOL) and Pepe (PEPE) tokens to its trading platform for United States users. This move is a key expansion for the exchange and offers new investment avenues to users.

Both SOL and PEPE can now be traded against the U.S. dollar and Euro. The newly introduced trading pairs include SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR.

Solana, a Layer-1 blockchain renowned for its smart contract capabilities and thriving ecosystem, has garnered considerable attention. Its native token, SOL, recently reached an all-time high above $263. Over the past year, Solana's value has surged by an impressive 305%, propelling it into the top 10 cryptocurrencies by market capitalization.

Pepe, on the other hand, is a meme coin that has experienced a significant increase in value in recent months. Built on the Ethereum blockchain, this coin has gained traction, fueled in part by listings on major exchanges such as Coinbase and Robinhood.

Upon the announcement, the prices of both SOL and PEPE surged. PEPE reached a high of $0.000021, representing a 6% increase within 24 hours. Notably, Bitcoin (BTC) recovered above the $98K mark, with SOL also experiencing a price increase.

In response to this development, both tokens have witnessed price gains. Solana continues its upward trajectory, while Pepe benefits from the increased visibility provided by Bitstamp's listing.