Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Binance’s Listing of PEPE and FLOKI Causes Price Surge
Share
Font ResizerAa
BlockcruxBlockcrux
Search
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Binance’s Listing of PEPE and FLOKI Causes Price Surge
Share
Follow US

Home - Binance’s Listing of PEPE and FLOKI Causes Price Surge

Crypto

Binance’s Listing of PEPE and FLOKI Causes Price Surge

Toby
By Toby May 9, 2023 196 Views
Share
Binance's Listing of PEPE and FLOKI Causes Price Surge
Binance's Listing of PEPE and FLOKI Causes Price Surge
SHARE

Binance, the largest cryptocurrency exchange globally, has expanded its support to two meme coins, namely PEPE and FLOKI, which were recently added to its Innovation Zone, on May 5. However, to everyone’s surprise, Binance went ahead and incorporated PEPE and FLOKI into all its products and services.

Contents
The Binace Announcement Price Reaction for this Move
https://twitter.com/binance/status/1654448067255361537?t=q27PI3Di03XaqaMQW1IByA&s=19

The Binace Announcement 

On May 9th, Binance officially declared that Cross Margin now supports borrowing of PEPE and FLOKI. This implies that users can participate in cross-margin trading of these meme coins, subject to specific restrictions, collateral ratios, and rates.

 Binance has launched FLOKI/USDT and PEPE/USDT as the latest cross-margin pairs, with the USDT pair representing the bulk of the trading volume for both assets. Binance has also broadened its Binance Flexible Loan offering by incorporating PEPE and FLOKI as new loanable assets. 

This financing option is an isolated, open-term solution that enables individuals to hold their PEPE and FLOKI investments indefinitely, provided that the collateral and the borrowed cryptocurrencies, as well as the relevant (Loan-to-Value) LTV thresholds, are not exceeded.

Price Reaction for this Move

Binance has experienced a significant increase in trading volume after adding PEPE and FLOKI tokens. Michael van de Poppe, a well-known crypto analyst, predicts that the price of PEPE will drop further towards its support levels at $0.00000168 and $0.00000148 before beginning a rally. 

Nonetheless, current indications suggest that the price has already rebounded from its support levels and is now trending upwards. Over the last 24 hours, PEPE’s value has decreased by 17%, resulting in a trading price of $0.00000197. The lowest and highest prices observed in the past day were $0.00000158 and $0.00000236, respectively. 

The trading volume has increased, indicating a growing interest among traders. As for FLOKI, its current trading price is $0.0000359, which represents a 7% decrease over the past 24 hours. However, the cryptocurrency has seen a 10% increase in the last week. The 24-hour low and high prices were $0.000034 and $0.000038, respectively.

***

TAGGED:binancecryptocurrencyFLOKIMemecoinPEPE
Share This Article
Facebook Twitter Email Print

PRESS RELEASE

DEBO Emerges as the Next Crypto to Explode Big as DOGE and PEPE Fall Behind

Blockchain Life Forum 2024 in Dubai: find out how to make the most of the current Bull Run
These Free Cloud Mining Platforms Are Beating the Bear Market in 2025
Don’t Wait! 5 Coins Poised to Skyrocket – Find the Next Crypto to Explode Now
Punisher Coin Presale: The Superhero Meme Coin Poised to Dominate 2025’s Altcoin Season

LATEST NEWS

AGIX price faces a strong downward trend, dropping below key support levels. Market pressure and delistings are influencing its decline.

AGIX Price Drops Below Key Support Levels

Alisha Alisha August 5, 2024
US Election Outcome Sparks Repricing Event for Top DeFi Tokens
Worldcoin: Scanning Eyeballs for a Token of Humanness!
RCO Finance (RCOF) Targets 3,000% ROI For Early Backers, It’s Not Too Late for You Yet
Moody’s Considers Lowering Ratings of Leading U.S. Banks Due to Funding Risks
Blockcrux Logo blockcrux logo

About Blockcrux

Blockcrux is a web3 news publisher dedicated to delivering the latest, most accurate insights into blockchain and decentralized technologies. Covering everything from cryptocurrencies to NFTs and DeFi, it offers uncensored, real-time news, embodying the transparency and democracy inherent in the web3 ecosystem.

News

  • Blockchain
  • Crypto
  • Web3
  • AI

Help

  • Contact
  • Advertising
  • Submit Press Release
  • Privacy Policy

© Blockcrux News Network. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Last Updated on May 9, 2023 by Toby