• PEPE rose 10% on the news of the listing but dropped soon after.
• The decision to list PEPE follows the news of upcoming launch of DOGE futures on Coinbase.

Frog-themed token Pepe [PEPE] recorded a sharp spike during after U.S. trading hours on 11th April, on what looked like as a response to its listing on Coinbase International Exchange.

上市消息傳出後，PEPE 上漲10%，但不久後又下跌。時段後大幅上漲4 月 11 日，似乎是對其在 Coinbase 國際交易所上市的回應。

PEPE gains entry on a marquee platform

The fourth-largest memecoin rose 10% to $0.000075 in the five hours following the announcement via an X post, according to CoinMarketCap. However, profit-taking pulled the coin lower, and it was trading at $0.000071 as of this writing.

根據 CoinMarketCap 的數據，PEPE 進入大型平台 根據 CoinMarketCap 的數據，第四大迷因幣在 X 貼文發佈公告後的五個小時內上漲了 10%，至 0.000075 美元。然而，獲利了結導致代幣走低，截至撰寫本文時，其交易價格為 0.000071 美元。

For the curious, Coinbase International Exchange allows institutional users based in eligible jurisdictions outside of the U.S. to trade perpetual futures. The exchange said that trading for PEPE perps would commence on or after 9:30 a.m. UTC on the 18th of April.

令人好奇的是，Coinbase 國際交易所允許美國以外符合資格的司法管轄區的機構用戶交易永續期貨。該交易所表示，PEPE 永續合約的交易將於 4 月 18 日世界標準時間上午 9:30 或之後開始。

The listing on a prestigious trading platform was a testament to the giant strides taken by the $3 billion-plus market cap token. PEPE peaked at $0.00001 during last month’s memecoin frenzy, and has exploded more than 5x since 2024 began.

在著名交易平台上的上市證明了這個市值超過 30 億美元的代幣取得了巨大進步。 PEPE 在上個月的 memecoin 熱潮中達到了 0.00001 美元的峰值，自 2024 年開始以來已經爆炸了超過 5 倍。

PEPE’s futures market expands

The rally generated considerable buzz in the derivatives markets, leading traders to speculate on its price movements.

PEPE 期貨市場擴大這次反彈在衍生性商品市場引起了相當大的轟動，導致交易者對其價格走勢進行猜測。

According to  AMBCrypto’s analysis of Coinglass’ data, the Open Interest (OI) in PEPE futures rose 322% in the past two months, totaling $76 million at press time.

根據 AMBCrypto 對 Coinglass 數據的分析，PEPE 期貨的未平倉合約 (OI) 在過去兩個月中增長了 322%，截至發稿時總計 7600 萬美元。

Source: Coinglass

資料來源：Coinglass

However, majority of the traders were positioned for price declines, as the Longs/Shorts Ratio was less than 1 at press time.

然而，大多數交易者都做好了價格下跌的準備，因為截至發稿時多頭/空頭比率小於 1。

Memecoins come into mainstream

The decision to list PEPE comes hours after Coinbase announced the upcoming launch of futures products tied to Dogecoin [DOGE], the first and the largest memecoin in the market, after gaining approval from the U.S. futures regulator.

Memecoin 成為主流在獲得美國期貨監管機構批准後，Coinbase 宣布即將推出與狗狗幣[DOGE] 相關的期貨產品，這是市場上第一個也是最大的memecoin。幾個小時後，就決定列出PEPE 。

Read PEPE’s Price Prediction 2024-25

閱讀 PEPE 2024-25 年價格預測

These developments marked a decisive shift in the perception of memecoins in world’s largest financial market, which has earlier been apprehensive of their rise.

這些發展標誌著全球最大的金融市場對迷因幣的看法發生了決定性轉變，該市場此前一直對模因幣的崛起感到擔憂。

Note that PEPE lacks any utility or expectation of financial return, as per the creators’ own admission.

請注意，根據創作者自己的承認，PEPE 缺乏任何效用或財務回報預期。

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