A memecoin by the name of Pepe has taken the crypto world by storm. Influenced by a frog cartoon character, the PEPE coin has rocketed more than 2,300% since April 17 and is currently priced at $0. 000001223 at the time of writing.

Built on the Ethereum network by anonymous developers, the token was created “as a tribute to the Pepe the Frog internet meme” and has grown exponentially in a matter of less than two weeks among memecoin hunters. Shiba Inu (SHIB) and Dogecoin (DOGE) were once created for a laugh, but now represent a popular option for cryptocurrency traders and investors.

Its rise has left multiple major crypto exchanges no choice but to list the PEPE token, including Bitget, MEXC Global and Huobi. OKX has also listed the coin, with its staff being quite confident that it was a right call:

“Pepe the Frog is a cartoon character and internet meme created by cartoonist Matt Furie. Pepe was designed to be a green frog with a human-like body; this is one of the most popular memes in the world.”

Cryptocurrency exchanges like OKC are aiming to capitalize on memecoins which generate attention and trading activity, and as more exchanges list the coin, it may witness continued growth in the foreseeable future.

Sources:

https://cointelegraph.com/news/more-crypto-exchanges-list-pepe-following-trading-frenzy

https://www.okx.com/cn/help-center/okx-will-list-pepe-pepe-for-spot-trading

https://coinmarketcap.com/currencies/pepe/