• Emerging memecoin PEPE is the top gainer of the day, inking 28%.
• Binance announced its almost immediate listing of PEPE in the Innovation Zone.
• CoinMarketCap warned that insiders could buy 7% of the total supply minutes after launch.
Emerging memecoin PEPE is currently making waves in the cryptosphere, as its rapid growth continues and it occupies #60 spot in global crypto charts. Its global market cap is now at $846M, surpassing veteran alts such as Terra Luna Classic (LUNC) and Chiliz (CHZ). If this memecoin continues to grow at such a pace, it could break the record for first memecoin to reach a $1 billion market cap in less than a month since launch.
The army of PEPE fans was pleased when Binance announced its almost immediate listing in their Innovation Zone. Spot trading pairs offered are PEPE/USDT and PEPE/TUSD, with deposits starting before spot trading launches on 2023-05-05 16:00 (UTC). Additionally, there will be isolated margin trading added two days from now.
CoinMarketCap issued a warning that insiders could buy 7% of the total supply minutes after launch. The developer team has yet to comment on these claims.
Crypto Twitter is enraged over CMC’s move and calls for boycott while investors worry about old-time altcoins being surpassed by new ones like Pepe. Despite this, there are many people celebrating Pepe’s success and hoping that it might become first one to reach $1 billion market cap mark soon.
Overall, Pepe has been making huge strides since its emergence as a memecoin only three weeks ago and shows no signs of slowing down anytime soon. By being listed on Binance’s innovation zone, this coin stands a chance at even more success given enough time despite warnings from CoinMarketCap about foul play by insiders.