Pepe Coin and BRETT Price Skyrockets As Major Exchange Announces Listing

Upbit Lists BRETT and Pepe Coin

Upbit, a prominent cryptocurrency exchange, has officially introduced BRETT and Pepe Coin to its trading platform. Support for trading these meme coins commenced on August 20th at 19:30 (KST), with deposits and withdrawals made available two hours earlier.

Expansion of Asset Variety

According to Upbit's announcement, the listing of these tokens marks a diversification effort to provide traders with a wider range of assets. BRETT, built on the Base Chain, and Pepe Coin, operating on Ethereum, are expected to attract investor interest due to their unique positioning in the market.

Trading Restrictions and Guidelines

To ensure market stability, Upbit has implemented temporary trading restrictions. For the first five minutes after trading launch, buy orders will be restricted, and sell orders must maintain a 10% minimum distance from the previous day's closing price. Additionally, market and limit orders will face further restrictions approximately an hour after trading begins. These measures aim to prevent market manipulation and promote fairness for users.

Upbit urges adherence to the specified network guidelines. BRETT transactions will be processed via the Base network, while Pepe Coin transactions will use Ethereum for seamless deposit and withdrawal operations. Compliance with Upbit's Travel Rule is also mandatory, dictating that deposits must originate from eligible exchanges. Non-compliance may result in delays or withdrawal issues.

Proof of Funds and Security

For large deposits, Upbit requires proof of origin in line with its Terms of Service. This requirement aligns with the exchange's commitment to preventing crypto-related crime and ensuring platform security. Additionally, personal wallet addresses used for transactions must have undergone ownership verification for enhanced protection.

Market Reaction

The listing of BRETT and Pepe Coin has garnered a positive market response. At press time, Pepe Coin has surged by 12%, trading at $0.000008088. BRETT has witnessed a 30% rise, reaching $0.1031 shortly after the trading support announcement. These price movements demonstrate growing enthusiasm and anticipation among traders regarding the potential of these meme tokens.

Upbit's historical data reveals that the previous day's closing price for BRETT was 0.07887 USDT, which rose to 0.08394 USDT shortly before the announcement. This data highlights the immediate impact of the listing on the digital asset's value.