Upbit Lists PEPE Against KRW, Stabilizes Trading with Volatility Controls

Upbit 列出 PEPE 兌韓元，透過波動控制穩定交易

On November 14, 2024, prominent cryptocurrency exchange Upbit introduced a new trading pair, PEPE/KRW, allowing users to trade the memecoin against the South Korean won. This move aligns with Upbit's strategy of listing PEPE against various fiat currencies.

2024 年 11 月 14 日，著名的加密貨幣交易所 Upbit 推出了新的交易對 PEPE/KRW，允許用戶將 memecoin 兌換成韓元。此舉符合 Upbit 針對各種法定貨幣列出 PEPE 的策略。

Volatility Control Measures

波動控制措施

To mitigate potential excessive price fluctuations during the initial trading stages, Upbit has implemented temporary restrictions. These include:

為了緩解初始交易階段潛在的過度價格波動，Upbit 實施了臨時限制。這些包括：

• A 5-minute buy limit for the first hour of trading
• A minimum sell price during the first five minutes

Surging Popularity and Market Cap

交易第一小時5分鐘買入限制前五分鐘最低賣出價格人氣和市值飆升

The listing on Upbit has fueled a surge in demand for PEPE, with its market capitalization exceeding $10 billion. Daily trading volumes have also skyrocketed by 200%, reaching over $20 billion. The coin's popularity has been fueled by major exchange listings, including Coinbase and Robinhood.

Upbit的上市帶動了PEPE的需求激增，其市值超過100億美元。每日交易量也暴增 200%，達到超過 200 億美元。 Coinbase 和 Robinhood 等主要交易所的上市推動了該代幣的流行。

Whale Activity and Profit-Taking

鯨魚活動與獲利回吐

Early PEPE investors have reportedly initiated profit-taking. A significant whale who accumulated over 2 trillion PEPE tokens in 2023 has sold a portion, valuing roughly $11.8 million. Despite this sale, the whale still holds a significant stake worth approximately $33.2 million, resulting in a substantial return on their initial investment.

據報道，早期 PEPE 投資者已開始獲利了結。一位在 2023 年累積了超過 2 兆 PEPE 代幣的大鯨魚已經出售了一部分，價值約 1,180 萬美元。儘管進行了此次出售，鯨魚仍然持有價值約 3,320 萬美元的大量股份，為他們的初始投資帶來了可觀的回報。

Increased Market Interest

市場興趣增加

The Upbit listing has ignited increased market interest in PEPE. Open interest, which reflects the number of active futures contracts, has surged to $316 million, an increase of 63%. Liquidations have also reached $48 million within a day. These indicators suggest that traders are actively participating in the PEPE market, albeit with caution due to its inherent volatility.

Upbit 的上市激發了市場對 PEPE 的興趣。反映活躍期貨合約數量的未平倉合約已飆升至 3.16 億美元，成長 63%。一天之內清算額也達到了 4,800 萬美元。這些指標表明，交易者正在積極參與 PEPE 市場，但由於其固有的波動性而持謹慎態度。