Pepe and Floki, the two top trending memecoins that saw the biggest gains on Friday, will be listed on Binance at 12 a.m. Hong Kong time Saturday, the world’s largest exchange announced earlier Friday.
See related article: Weekly Market Wrap: Bitcoin rises above US$29,000, Ether recaptures US$1,900
Fast facts
- Pepe rose 104.91% to US$$0.000003218 in the 24 hours to 10:05 p.m. in Hong Kong, and came in as the 42nd largest coin listed on CoinMarketCap. Pepe is up over 1,130% on the weekly chart and has a US$1.23 billion market capitalization.
- Floki gained 58.14% to US$$0.0000523 during the day and increased 45.23% during the week. It is the 86th largest crypto with a market cap of US$500 million.
- The two memecoins could significantly extend their rallies following Binance’s listing, which will make them accessible to mainstream crypto investors.
- While Pepe and Floki have no underlying utility, similar memecoins have often generated eye-watering returns for investors. Dogecoin rose over 3,100% in 2021, while the Shiba Inu token rallied over 49,000,000%.
See related article: Memecoin PEPE falls 18% at start of trading week