Pepe (PEPE), the Ethereum-based frog-themed memecoin, has achieved a significant milestone by becoming the first memecoin to be listed on a mainstream platform in Japan. BITPoint Japan, a centralized cryptocurrency exchange licensed by the country’s Financial Services Agency, recently added PEPE to its list of tradable assets.
As part of the listing, BITPoint will provide spot trading, lending, and custodial services for PEPE. To celebrate this new addition, BITPoint has launched promotional campaigns aimed at rewarding its users. One such campaign offers the first ten users who purchase up to 10,000 yen worth of PEPE a chance to participate in a lottery with a prize of 100,000 yen. This promotion will run until November 27th, giving users an opportunity to benefit from the memecoin’s listing.
Additionally, BITPoint has introduced a giveaway program on social media platform X, where followers are encouraged to repost the PEPE listing announcement for a chance to win 10,000 yen. This initiative is also set to conclude on November 27th, further engaging the exchange’s community.
PEPE made its debut in April 2023 and quickly gained traction, experiencing a remarkable surge of over 3,600% shortly after its launch. While the memecoin faced some consolidation and pullbacks, it regained momentum in Q1 2024, soaring by over 1,300%. By April and May 2024, PEPE reached an all-time high with a 333% surge, resulting in a staggering overall gain of over 9,900% within its first year.
Despite experiencing fluctuations in value, PEPE is currently trading at $0.000009429, reflecting a 45% decrease from its peak. Market analysts anticipate that the listing on BITPoint could enhance PEPE’s adoption and potentially trigger another rally, especially amidst expectations of a broader bullish trend in the cryptocurrency market.
In conclusion, the listing of PEPE on BITPoint marks a significant achievement for the memecoin and opens up new opportunities for users to engage with this unique digital asset. As always, readers are advised to exercise caution and conduct their own research before making any investment decisions.