Good news continues to come for PEPE, one of the trend coins of the crypto money market recently. Especially the moves from the stock markets attract investors to PEPE! Finally, the statements show that PEPE can be traded on this exchange with 50x leverage! So what’s next? Here are the details…
This cryptocurrency exchange gave 50x good news for PEPE!
PEPE, one of the rising coins of the crypto money market, has increased by 2100 percent since its launch last month and has a market cap of $ 502 million. With the listing of many exchanges, PEPE continues to rise. However, according to Ethercan data, PEPE has 75,000 holders with several wallets excluding centralized exchanges, and these wallets hold more than $5 million in PEPE coins. The PEPE coin rose 350 percent over the weekend alone, and on Tuesday derivatives exchange BitMEX announced that it is listing in futures for the token, which will allow investors to buy and sell the variable asset with up to 50x leverage.
As the excitement around the mem coin continues to mount, some early investors have started withdrawing their funds. An investor sold $2 million worth of PEPE using MetaMask swaps. They lost $350,000 as they faced a 25 percent slide due to minimal liquidity. Another analyst cashed out $678,000 worth of coins, temporarily lowering the price of PEPE by almost 50 percent.
PEPE is listed on many exchanges
On the other hand cryptocoin.com As we have mentioned, PEPE, which has been listed on many exchanges recently, has also been listed on Huobi, one of the popular exchanges. However, according to experts, the price action of PEPE is reminiscent of Dogecoin, with intense volatility caused by a lack of liquidity or sustainable demand. Dogecoin’s price dropped dramatically multiple times as the excitement began to wane. That’s why experts think that investors should be cautious when investing.
On the other hand, according to the data, Pepe Coin broke into the top 100 crypto as it gained popularity among meme lovers due to its strong community following. Pepe has risen tremendously in recent days and is momentarily trading at an average price of $0.000001207. However, its market cap is around $513 million. However, 24-hour trading volume fell 24 percent to $366 million.
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