Upbit Lists PEPE Against KRW, Stabilizes Trading with Volatility Controls

Upbit 列出 PEPE 兑韩元，通过波动控制稳定交易

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，著名的加密货币交易所 Upbit 推出了新的交易对 PEPE/KRW，允许用户将 memecoin 兑换成韩元。此举符合 Upbit 针对各种法定货币列出 PEPE 的策略。

Volatility Control Measures

波动控制措施

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

为了缓解初始交易阶段潜在的过度价格波动，Upbit 实施了临时限制。这些包括：

• 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

交易第一个小时5分钟买入限制前五分钟最低卖出价格人气和市值飙升

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的上市带动了PEPE的需求激增，其市值超过100亿美元。每日交易量也猛增 200%，达到超过 200 亿美元。 Coinbase 和 Robinhood 等主要交易所的上市推动了该代币的流行。

Whale Activity and Profit-Taking

鲸鱼活动和获利回吐

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.

据报道，早期 PEPE 投资者已开始获利了结。一位在 2023 年积累了超过 2 万亿 PEPE 代币的大鲸鱼已经出售了一部分，价值约 1180 万美元。尽管进行了此次出售，鲸鱼仍然持有价值约 3320 万美元的大量股份，从而为他们的初始投资带来了可观的回报。

Increased Market Interest

市场兴趣增加

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 的上市激发了市场对 PEPE 的兴趣。反映活跃期货合约数量的未平仓合约已飙升至 3.16 亿美元，增长 63%。一天之内清算额也达到了 4800 万美元。这些指标表明，交易者正在积极参与 PEPE 市场，但由于其固有的波动性而持谨慎态度。