PEPE & Floki Price Spike 100% With Binance Listing

The post PEPE & Floki Price Spike 100% With Binance Listing appeared first on Coinpedia Fintech News

Following an increased adoption of Pepe (PEPE) and Floki (FLOKI), the most internationally regulated centralized exchange that commands the lion’s share of global crypto trading volume, Binance, has announced that it will list the two meme coins on its innovation zone.

The exchange announced that the spot trading of the two meme coins’ pairs will commence on Friday at 16:00 UTC. However, the withdrawal of FLOKI and PEPE from Binance is set to begin tomorrow with a listing fee for both coins set at zero BNB.

Some of the available trading pairs for bogus coins include FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD. However, the exchange will also offer isolated margin pairs of both tokens including FLOKI/USDT, and PEPE/USDT.

“Binance will add FLOKI and PEPE as new borrowable assets with these new margin pairs on Isolated Margin, within 48 hours from 2023-05-05 16:00 (UTC),” Binance noted.

Notably, Binance’s Innovation Zone is a dedicated trading zone where users can trade upcoming crypto tokens that possess higher volatility than others.

Floki and Pepe Price Action after Binance Listing

Following the announcement, both meme coins scaled to a new 24-hour high. According to market data provided by Binance-backed Coinmarketcap, Pepe coin was up approximately 68 percent in the last 24 hours to trade around $0.00000280. Interestingly, Pepe had a market capitalization of $1,177,663,510 with a 24-hour trading volume of about $728,406,168. Thereby, Pepe coin had gained about 927 percent in the past week.

Floki (FLOKI), on the other hand, spiked more than 60 percent after the announcement to trade around $0.00005299 on Friday. The meme coin also jumped to the top 100 to stand at position 89 with a fully diluted market capitalization of about $1,027,702,785.