Pepe Coin and BRETT see price increases of 12% and 30% after Upbit announces new trading support starting at 19:30 on August 20th.
adhering to the guided networks for transactions. BRETT transactions will be processed on the Base network, and Pepe Coin transactions on the Ethereum network for smooth processing of deposits and withdrawals.
Additionally, in compliance with the Travel Rule, all deposits must be made from exchanges listed as eligible operators by Upbit. Non-compliance with these guidelines can lead to delays in the reflection of deposits and potential withdrawal issues.
The exchange also requires large deposits be accompanied by proof of the origin of funds, as stipulated in their Terms. This requirement is part of Upbit’s commitment to preventing crypto crime and ensuring the security of the trading platform. Personal wallet addresses used for transactions must also have completed ownership verification to further enhance security measures.
Market Response to New Listings
The market response to the listing of BRETT and PEPE on Upbit was notably positive. Pepe Coin price increased by 12%, trading at $0.000008088 at press time. Moreover, a Coin Gape report predicts a bounce from the 61.8% Fib retracement level could catapult PEPE to the 0.27 Fib extension level around $0.00002250, a 200% increase from the current price.
On the other hand, BRETT experienced a 30% surge in value to $0.1031 shortly after the trading support announcement. This price movement reflects the growing interest and optimism among traders about the potential of these meme tokens.
Historical data provided by Upbit shows the previous day’s closing price for BRETT was 0.07887 USDT, climbing to 0.08394 USDT just before the announcement. These statistics highlight the immediate impact of the listing announcement on the prices of these digital assets.
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