The cryptocurrency market has been witnessing meme coin headwinds lately. Undoubtedly, the popular altcoin project PEPE was effective in this. Crypto exchange Kraken also added to the hype by adding PEPE to its list. Now, a countdown started by the leading crypto exchange Coinbase has attracted attention!
Kraken adds popular altcoin project to its list
Cryptocurrency exchange Kraken has announced that it has added PEPE (PEPE) to its list, the most talked about meme-coin of recent times, inspired by Pepe the Frog. As you follow on Kriptokoin.com, PEPE stepped into the market in April 2023. However, the meme coin quickly gained popularity among crypto enthusiasts. Thus, he went so far as to challenge leading meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB)!
As of now, it is possible for users to buy and sell PEPE on Kraken. The token can be traded via the spot markets on Kraken and Kraken Pro. Currently, the minimum order size is 500,000 PEPE. In addition, the exchange has set the minimum deposit requirement at 2 million PEPE. Meanwhile, PEPE is not active in their home country for its users in Canada and the United States.
Coinbase has started a mysterious countdown! PEPE coming?
The leading cryptocurrency exchange Coinbase made an interesting sharing today. The exchange made a tweet that did not include any explanation and started at 3 am. It is not hard to guess that this is a countdown, but there is no clarity as to what is coming. Recently, PEPE’s entry into the list of important crypto exchanges makes one say ‘I wonder’. Some users who commented on Coinbase’s share also express this.
— Coinbase 🛡️ (@coinbase) May 16, 2023
Meanwhile, Coinbase highlighted the growth of Pepe Coin (PEPE) and Bitcoin-based meme coins in its latest bulletin released on Wednesday last week. After a significant drop in the crypto market, traders are chasing profits by focusing on pranks rather than basic games that contribute to the exorbitantly high gas fees on the Ethereum Blockchain.
In the Coinbase newsletter, he noted that last week, transaction volume for meme coins jumped to $2.3 billion. He underlined that this figure has increased more than six times compared to the previous week. It also stated that it has reached the highest level since May 2021. The bulletin noted that the ongoing meme coin craze was led by the rise of PEPE, which has grown by nearly 55,000 since its mid-April issue and reached a market cap of $1.8 billion in less than three weeks, making it one of the fastest growing tokens of all time.
It’s hard to argue that Coinbase’s latest post was a PEPE listing. Because, the cryptocurrency exchange has never made such an altcoin listing before. There is a possibility that he considers this type of listing to be objectionable. However, according to some experts, it is possible that the exchange, which is in trouble with investigations in the USA, has something to do with the international cryptocurrency exchange it is planning. Which of these is cryptocoin.comYou can find out by following.
