Pepe Goes Mainstream On Gemini: The Next Big Thing In Crypto?

Key Points:

• Gemini has announced its support for Pepe, an Ethereum-based meme token.
• Pepe is available for trading on Gemini for multiple fiat currencies and custody.

Pepe is now available for trading on Gemini for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs. It continues the tradition of giving the control of money back to the people, but has no defined utility and may be subject to extreme price volatility.

Gemini has announced its support for Pepe (pepe), an Ethereum-based meme token that launched on April 14, 2023. Pepe is now available for trading on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs, and on the API/FIX and ActiveTrader applications for the USD trading pair. Additionally, Pepe is available for custody on Gemini.

Following in the footsteps of popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), Pepe quickly rose in popularity in the days after its launch, hovering around $750 million market cap as of May 9, 2023. Pepe builds upon the popular “Pepe the Frog” meme created by Matt Furie in the early 2000s.

While Pepe has no defined utility, it continues the tradition of giving the control of money back to the people. Gemini aims to empower users with greater choice, independence, and opportunity, as they continue on their mission to unlock the next era of financial, creative, and personal freedom.

However, it is important to note that Pepe is a new meme token, and its value may be derived only from the continued willingness of market participants to demand and trade the token. As with any investment, there is a potential for a permanent and total loss of value should participants choose to no longer demand or trade Pepe. Additionally, the token may be subject to extreme price volatility, particularly if large, concentrated holdings of Pepe are liquidated in a short period of time. Therefore, it is crucial for those considering trading Pepe to read and understand the risks associated with trading the token.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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