More crypto exchanges list Pepe following trading frenzy

On May 1, cryptocurrency speech OKX announced that it would beryllium listing meme token Pepe astatine 17:00 Hong Kong Time (HKT) and unfastened Pepe withdrawals connected May 2 astatine 17:00 HKT. In supporting the listing decision, OKX unit wrote: 

"Pepe the Frog is simply a cartoon quality and net meme created by cartoonist Matt Furie. Pepe was designed to beryllium a greenish frog with a human-like body; this is 1 of the astir fashionable memes successful the world."

Several cryptocurrency exchanges, including MEXC Global, Bitget, Gate.io, and Huobi, listed Pepe trading pairs 2 weeks prior, stirring what appears to beryllium a trading frenzy. The token has returned 2,340% since Apr. 17 and is present trading astatine $0.000001223 apiece astatine publication. Following quality of the OKX listing, Pepe's terms has surged implicit 50% successful the past 24 hours.

Created connected the Ethereum blockchain by anonymous developers, the Pepe token was created, according to CoinMarketCap, "as a tribute to the Pepe the Frog net meme," with the purpose of capitalizing connected the popularity of memecoins specified arsenic Shiba Inu (SHIB) and Dogecoin (DOGE).

In 2021, Dogecoin surged by implicit 23,000%, partly owed to American concern magnate Elon Musk's vocal enactment for the coin connected societal media. Similarly, the Shiba Inu token surged by implicit 1,250% during the 2021 cryptocurrency bull marketplace aft gaining tailwind popularity from its sister Dogecoin token. Despite the caller traction, OKX unit wrote successful its Pepe listing announcement: 

"Digital assets are innovative concern products with precocious terms fluctuations and risks. Before investing, [OKX] hopes you person a afloat knowing of integer assets, rationally justice your concern ability, and marque concern decisions prudently."

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