$PEPE MYTH BUSTER - Read this before you consider the coin being listed on the Japan exchange tomorrow.
👉🏻 PEPE, a meme-inspired cryptocurrency, achieved a significant milestone by becoming the first memecoin listed on a Japanese exchange.
👉🏻 On October 30, 2024, BITPoint Japan, a licensed and centralised crypto exchange operating since 2016, began offering PEPE for spot trading, lending, and savings services.
👉🏻 To celebrate this listing, BITPoint Japan launched promotional campaigns to encourage user engagement. One such campaign offered a lottery where ten users who purchased at least 10,000 yen worth of PEPE could win an additional 100,000 yen in PEPE tokens. This campaign concluded on November 27, 2024.
👉🏻 Despite this historic listing and promotional efforts, PEPE's market performance remained relatively flat during that period.
Analysts observed that while the listing marked a significant step for memecoins in Japan, it did not immediately translate into substantial price movements for PEPE. Overall, the listing of PEPE on BITPoint Japan represents a notable development in the cryptocurrency landscape, highlighting the growing acceptance and integration of memecoins into mainstream financial markets. BUT DON’T EXPECT ANY DRAMATIC GROWTH.
Thumb rule: Buy low, sell high. Be wise with marginalised sales.