PEPE Meme Coin Surges to $1 Billion Market Cap, Attracts Celebrity Attention

1 min read
Source: Decrypt
PEPE Meme Coin Surges to $1 Billion Market Cap, Attracts Celebrity Attention
Photo: Decrypt
TL;DR Summary

Binance has listed Pepecoin (PEPE) and Floki Inu (FLOKI) in its innovation zone, with both meme coins trading at less than a penny. PEPE's market capitalization has surpassed $1 billion, despite having no token utility or value support mechanism. The exchange has warned traders of the potential for total loss of funds and high gas fees on Ethereum. PEPE is based on the artist Matt Furie's Pepe the Frog and has risen by 1,000% in the past week.

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