PEPE (PEPE) Becomes the First Memecoin Listed in Japan's Mainstream Market

Pepe (PEPE), the Ethereum-based frog-themed memecoin, reached another milestone by becoming the first memecoin listed in Japan's mainstream market.

Pepe (PEPE)🧿, a frog-themed memecoin built on Ethereum, has reached another milestone by becoming the first memecoin to be listed in Japan’s mainstream market.

BITPoint Japan, a centralized cryptocurrency exchange licensed by the country’s Financial Services Agency, has listed PEPE on its platform. The exchange will offer spot trading, lending, and custodial services for the memecoin.

Following the listing, BITPoint announced that it will be launching promotional campaigns to celebrate the addition of PEPE to its platform.

The first ten users to purchase up to 10,000 yen worth of PEPE will be eligible for a lottery where they can win 100,000 yen. The exchange will complete this campaign by November 27th.

Additionally, BITPoint plans to launch a giveaway program for its followers on X. The crypto exchange encouraged users to follow its handle and repost the PEPE listing announcement to qualify for the 10,000 yen giveaway program ending on November 27th.

Pepe’s Meteoric Rise

Pepe launched in April 2023, and its performance has been unlike anything seen since the first generation of memecoins during their bullish runs.

PEPE’s initial rally saw the memecoin surge by over 3,600% within a few weeks of launching. The frog-themed altcoin consolidated afterward, recording a significant pullback.

However, PEPE regained its bullish momentum less than a year after its initial rally. The memecoin surged by over 1,300% in Q1 2024 and retraced significantly before rallying to an all-time high by surging another 333% between April and May 2024.

In total, PEPE gained over 9,900% within one year of launching. The memecoin has since declined from its highest price, exhibiting high volatility.

But the recent listing by BITPoint is expected to boost PEPE’s adoption and could trigger the next rally for the memecoin.

PEPE is trading at $0.000009429 at the time of writing, reflecting a 45% pullback from its all-time high. A rebound could push PEPE’s price up and trigger another rally, especially with the crypto market expecting a general bull run.

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