UPbit Lists PEPE and BRETT Meme Coins
Amidst the surge in cryptocurrency exchange listings, heavyweights like Binance and Coinbase dominate the headlines. However, a significant move from UPbit, South Korea's largest and the world's fifth-largest exchange by volume, has sent ripples through the market, particularly for two meme coins.
PEPE and BRETT Added to Listings
UPbit has expanded its meme coin offerings, adding PEPE, a notable entry in 2023, and BRETT, the most traded meme coin on the Base network. Both coins have been paired with USDT.
UPbit's announcement emphasizes the following:
"BRETT and PEPE digital asset withdrawal fees are free for approximately 24 hours after the start of deposit and withdrawal transactions, and fees are charged from the 24-hour point. Please make sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the guided networks are not supported."
Market Reaction to Listings
The news has sparked a positive reaction in the prices of both meme coins.
PEPE Price Surge
PEPE, currently ranked third among meme coins, has seen its price jump from $0.0000078 to over $0.0000081, representing a daily gain of over 10%. Market capitalization has rebounded to $3.4 billion, while trading volume has crossed $606 million, up by more than 40%.
BRETT's Price Increase
BRETT, the seventh-ranked meme coin on the Base network, has also witnessed a notable surge. Its price has risen by 16%, surpassing the $0.089 mark. Investors are eagerly anticipating its potential ascent towards $0.1.