Meme coins PEPE and FLOKI are finally making their way onto Binance after an impressive run. Both communities have in the past called for the crypto behemoth to list the tokens but the exchange has been quiet about possible listings, until now.
PEPE And FLOKI Make It To Binance
The world’s largest crypto exchange Binance has taken another step toward supporting meme coins as it announced new listings for two of the largest meme coins in the world. In a post on its official website, Binance revealed that Twitter’s new favorite meme coins PEPE and FLOKI will be listed in its innovation zone.
Trading for both of these coins will begin on Saturday, May 6, while deposits for both cryptocurrencies have already been opened as of Friday, May 5. Both meme coins are listed for spot trading across four pairs, including PEPE/USDT, PEPE/TUSDT, FLOKI/USDT, and FLOKI/TUSD.
Binance announces new meme coins listings | Source: Binance
Furthermore, the exchange revealed that it plans to also allow borrowing on both of these assets. The new margin pairs for FLOKI and PEPE will be available on Isolated Margin and Binance plans to add both of these in the next 48 hours. The Isolated Margin pairs include FLOKI/USDT and PEPE/USDT.
New Listings Trigger Price Rally
Binance posted the announcement on its website in the early hours of Friday and both assets have responded positively since then. PEPE rose to a new high of $0.0000028, crossing the $1 billion market cap, and FLOKI is up 60% in the last day as well.
PEPE reaches new all-time high following Binance announcement | Source: PEPEUSDT on TradingView.com
The listings have also sparked a flurry of new activity in both communities, resulting in higher trading volume for both assets. However, while both PEPE and FLOKI hit a milestone with this listing, the win is really for PEPE here, a meme coin that is less than one month old and has already risen over 25,000x.
As the trend continues, it will be interesting to see where this coin ends up. With Binance already showing support by listing it in the innovation zone, it will not be long until other exchanges follow suit.
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Author: Best Owie