A popular memecoin just made history by becoming the first of its kind to be listed on a local exchange in Japan.
BITPoint, based in Tokyo, announced that it will list PEPE, allowing users to dive into spot trading, lending, and savings specifically for this memecoin.
Celebrating the milestone
To celebrate this big milestone, BITPoint has launched two promotional campaigns to attract investors.
The first campaign gives ten lucky participants a chance to win PEPE coins worth 100,000 yen if they purchase at least 10,000 yen of the memecoin.
The second initiative encourages users to engage with their BITPoint X account until November 27.
PEPE is inspired by the beloved internet character Pepe the Frog and is currently priced at $0.000009521, with a daily trading volume hovering around $700 million.
While its price hasn’t fluctuated much lately, it has seen a slight 5% dip over the past week. PEPE currently ranks 24th on CoinMarketCap based on market cap.
The evolution of memecoins, a fade, or a true trend?
The memecoin market has come a long way since the first memecoin, Dogecoin launched back in December 2013.
Ten years later, this trend has boosted platforms like Solana, which lately experienced a surge in on-chain activity.
On October 24, Solana recorded daily network revenue of $4.8 million, although that number dropped to $2.5 million by October 27. As of October 29, it logged a total of $3.8 million in fees.
Other blockchains are also feeling the love from memecoin traders. For example, TON has seen increased activity around its DOGS token.
Meanwhile, Tron’s SunPump launchpad reported a quite big uptick in user engagement this August, generating over $1 million in revenue and creating more than 91,000 tokens.
Who’s leading the pack?
In the memecoin arena, Dogecoin takes the lead with a market cap of $25.45 billion, followed by Shiba Inu at $11.06 billion.
PEPE is making its mark as well, boasting a market cap of around $4 billion.
Major exchanges like Binance are actively listing these popular memecoins, highlighting the ongoing growth of this quirky segment in the cryptocurrency world. So it looks like this trend isn’t slowing down anytime soon!
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