Binance, one of the leading crypto exchanges, has announced adding two new tokens to its trading platform. Starting from 00:00 on May 6th, the exchange will list FLOKI and Pepe on its Innovation Zone, allowing users to trade these innovative tokens.
The spot trading pairs available for trading are FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD. Users can begin depositing both coins in preparation for trading, and withdrawals will be open from 16:00 (UTC) on May 6th.
Notably, Binance has waived the listing fee for both coins, and users trading in TUSD will enjoy zero maker fees until further notice. Furthermore, within 48 hours of the listing, Binance will introduce FLOKI/USDT and PEPE/USDT as new borrowable assets with margin trading pairs on an Isolated Margin.
FLOKI started as a meme coin project and has expanded its offerings to include a range of products such as an NFT-based game, NFT collections, and a crypto debit card. FLOKI serves as the utility token for this product ecosystem.
On the other hand, Pepe is a meme coin based on the popular cartoon character “Pepe the Frog.” It is important to note that it has no utility and is created by an anonymous team.
According to Binance:
Please note that, as of the time of writing, PEPE has no token utility or value support mechanism. Also, there are signs that certain insiders or team members were able to buy 7% of the total token supply minutes after TGE.
Pepe Coin & Uniswap: Fueling The Memecoin Frenzy
Meanwhile, another development has emerged, indicating that the increased attention on Memecoins has resulted in a notable rise in the number of users actively utilizing Uniswap – a well-known decentralized exchange.
According to the latest data from Ultrasound Money, Uniswap-related contracts have burned more than 15,000 ETH in the past seven days alone. That’s a staggering amount of money, indicating much interest in Memecoins among cryptocurrency enthusiasts.
PEPE is one of the most popular Memecoins that’s been making headlines lately. Despite only being around for a few weeks, this quirky little token has already completed over 410,000 transactions on Uniswap. And all those transactions have burned a total of about 5,300 ETH in gas fees, which translates to roughly $10 million.
Nevertheless, it’s clear that Memecoins are here to stay, and Uniswap is at the forefront of this exciting new trend in the world of cryptocurrency.
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