Crypto exchange BITPoint Japan becomes the first ever in Japan to start listing the memecoin “PEPE.” The frog-based popular meme crypto, PEPE will be available for spot trading, lending, and savings.
Ranked 24th on Coinmarketcap with the staggering cryptocurrency market capitalization of 4 Billion, the crypto is exchanging hands at $0.059521 after going up by 0.44%.
BitPoint Japan announced the start of trading of the cryptocurrency PEPE, the first memecoin in Japan to be listed. The token will be available for spot trading, lending, and fixed investment on the exchange. PEPE is a crypto asset created in 2023 and based on the internet meme…
— Wu Blockchain (@WuBlockchain) October 30, 2024
BITPoint Japan is offering two special promotions for users trading $PEPE. One strategy to boost engagement allows 10 people who purchase PEPE worth 10,000 yen or more to win an additional 100,000 yen worth of PEPE through a lottery. This limited offer will run until 3:59 p.m. on November 27th. The exchange also offers an exclusive campaign for followers of the official X account.
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PEPE is among the most popular memecoins along with DOGE, FLOKI, GOAT, and others. PEPE particularly adjusts the demand and supply of tokens using “burning”- which is a deflationary mechanism. Even though many memecoins do not hold any real-world use-case, many see them as a cultural phenomena, viral trends and memes- fuelled by ‘FOMO’.
The innate absurdity and humor quotient of memecoin makes it not just popular among degens but also market makers and financial institutions. Also, the fact that they are super volatile adds to the FOMO. A classic example of this is DOGE’s trajectory, which is now witnessing bullish trends and is trading at $0.1767.
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Also Read: Japan’s Democratic Party Leader Promises to Cut Crypto Tax to 20% if Elected
