🌎 Pepe Becomes First Meme Coin Listed on Japanese Exchange BITPoint

Pepe has become the first meme coin to be officially listed on a Japanese cryptocurrency exchange.

According to a report by CoinDesk Japan, BITPoint Japan, a centralized crypto exchange launched in 2016 and licensed by the country’s Financial Services Agency, listed Pepe today. BITPoint will offer spot trading, lending, and savings services for the third-largest meme coin by market cap, which currently stands at $4 billion with a max supply of 420.69 trillion PEPE.

BITPoint Japan Campaigns

The Japanese exchange will also run two promotional campaigns:

Ten BITPoint users who purchase at least 10,000 yen worth of PEPE will be eligible for a lottery worth 100,000 yen. This campaign will conclude on November 27.
A giveaway for the exchange’s social media followers.

PEPE’s Market Performance

PEPE launched in April 2023 and was named after the 2000s internet meme, “Pepe The Frog.” The meme coin has surged by over 34,000% from its launch price and is trading at $0.0000095 at the time of writing. PEPE has already been listed on leading crypto exchanges like Binance, Bybit, OKX, and Upbit.

Typically, major exchange listings trigger a short-term Fear Of Missing Out (FOMO) among investors, pushing the price upward.

Current Market Analysis

PEPE has experienced increased volatility since reaching an all-time high of $0.000017 on May 27. However, the asset’s Relative Strength Index (RSI) is currently at 53, indicating that PEPE is neither overbought nor oversold. This positions the meme coin well for a potential price surge as the broader crypto market records significant gains.