Following increased adoption of Pepe (PEPE) and Floki (FLOKI), the most internationally regulated centralized exchange that controls the lion’s share of global crypto trading volume, Binance has announced that it will place the two meme coins on its innovation zone.
The exchange announced that spot trading of the pairs of the two meme coins will begin at 16:00 UTC on Friday. However, FLOKI and PEPE’s withdrawal from Binance will begin tomorrow with a listing fee for both coins set at zero BNB.
Some of the available counterfeit trading pairs are FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD. However, the exchange also offers isolated margin pairs of both tokens, including FLOKI/USDT and PEPE/USDT.
“Binance will add FLOKI and PEPE as new lendable assets with these new margin pairs on isolated margin, within 48 hours from 05/05/2023 16:00 (UTC),” Binance noted.
Specifically, Binance’s Innovation Zone is a special trading zone where users can trade upcoming crypto tokens that have higher volatility than others.
Price action Floki and Pepe after Binance listing
Following the announcement, both meme coins have scaled up to a new 24-hour high. According to market data from Coinmarketcap, backed by Binance, the Pepe coin was up about 68 percent over the past 24 hours to trade around $0.00000280. Interestingly, Pepe had a market cap of $1,177,663,510 with a 24-hour trading volume of approximately $728,406,168. As a result, Pepe mint had gained about 927 percent over the past week.
Floki (FLOKI), on the other hand, spiked more than 60 percent after announcing to trade around $0.00005299 on Friday. The meme coin also jumped into the top 100, standing at position 89 with a fully diluted market cap of approximately $1,027,702,785.
