Pepecoin joins MEXC and WEEX amid price drop

Pepecoin Now Available for Trading on MEXC and WEEX

Pepecoin (PEP) has officially joined MEXC, with trading commencing on February 17th. Deposits have been enabled, and withdrawals will be available from February 18th. This listing follows a successful crowdfunding campaign where users pledged over 47 million MX to facilitate PEP's launch. Participants have received their airdrop rewards.

Furthermore, Pepecoin will also be listed on WEEX, with deposits opening on February 17th. The withdrawal date will be announced separately.

About Pepecoin

Pepecoin (PEP) is a decentralized and secure blockchain specifically tailored to the Pepe community. It utilizes simple consensus rules followed by all nodes to maintain network integrity. The blockchain supports merged mining, allowing users to simultaneously mine PEP, Litecoin (LTC), and Dogecoin (DOGE).

Recent Market Performance

Despite the listing announcements, PEP's price has experienced an 18% decline in the past 24 hours, as reported by Coinmarketcap.

Positive Indicators

However, Pepecoin's market capitalization remains under $50 million, while trading volume has increased by 29% over the last day. Additionally, PEP has gained 75% over the weekly timeframe. The project's official website indicates that the first Pepecoin halving is scheduled to take place in 58 days. This could result in a reduction in miner rewards, potentially leading to a supply squeeze and a potential boost in PEP price.