SHIB Challenger PEPE Achieves Top Exchange Listing

Pepe Coin Makes Waves on South Korean Exchange

Cover image via U.Today

The meme coin market has seen a significant shift in the Asian market. Pepe Coin (PEPE) has emerged as a prominent player, being listed on Upbit, South Korea's largest cryptocurrency exchange. The exchange announced USDT trading pairs for both PEPE and Brett (BRETT).

PEPE's Market Position and Community

Upbit's listing includes two meme coins with USDT pairs: BRETT on the Base network and PEPE on the Ethereum network. Deposits and withdrawals using unsupported networks will not be processed.

Launched in April 2023, PEPE is a meme coin that challenges Shiba Inu. Despite lacking its own token utility, PEPE has gained traction through its community-driven ecosystem.

Market Reaction

The listing on Upbit has been hailed as a significant move for PEPE's market position. This development follows a notable transfer of 500 billion PEPE, valued at $4 million, to Kraken, a major U.S. exchange.

The market has reacted positively to the listing, with PEPE currently trading at $0.000008053, a gain of 11.55%. This marks the first price rebound in a week.

Pepe's Future Outlook

While PEPE has experienced market volatility, analysts believe it has the potential to challenge Shiba Inu in the long run. The meme coin's strong community and unique brand identity may fuel its future success.