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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

BREAKING: Binance Lists PEPE And FLOKI In Innovation Zone

Best Owie
Best Owie
2 years ago
2 mins read
PEPE

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Meme coins PEPE and FLOKI are finally making their way onto Binance after an impressive run. Both communities have in the past called for the crypto behemoth to list the tokens but the exchange has been quiet about possible listings, until now.

PEPE And FLOKI Make It To Binance

The world’s largest crypto exchange Binance has taken another step toward supporting meme coins as it announced new listings for two of the largest meme coins in the world. In a post on its official website, Binance revealed that Twitter’s new favorite meme coins PEPE and FLOKI will be listed in its innovation zone.

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Trading for both of these coins will begin on Saturday, May 6, while deposits for both cryptocurrencies have already been opened as of Friday, May 5. Both meme coins are listed for spot trading across four pairs, including PEPE/USDT, PEPE/TUSDT, FLOKI/USDT, and FLOKI/TUSD.

PEPE, FLOKI on Binance

Binance announces new meme coins listings | Source: Binance

Furthermore, the exchange revealed that it plans to also allow borrowing on both of these assets. The new margin pairs for FLOKI and PEPE will be available on Isolated Margin and Binance plans to add both of these in the next 48 hours. The Isolated Margin pairs include FLOKI/USDT and PEPE/USDT.

New Listings Trigger Price Rally

Binance posted the announcement on its website in the early hours of Friday and both assets have responded positively since then. PEPE rose to a new high of $0.0000028, crossing the $1 billion market cap, and FLOKI is up 60% in the last day as well.

PEPE price chart from TradingView.com (Binance)

PEPE reaches new all-time high following Binance announcement | Source: PEPEUSDT on TradingView.com

The listings have also sparked a flurry of new activity in both communities, resulting in higher trading volume for both assets. However, while both PEPE and FLOKI hit a milestone with this listing, the win is really for PEPE here, a meme coin that is less than one month old and has already risen over 25,000x.

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As the trend continues, it will be interesting to see where this coin ends up. With Binance already showing support by listing it in the innovation zone, it will not be long until other exchanges follow suit.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Twitter, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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