Binance is beefing up its joke token offerings with new Pepe, Dogs, and SuperRare trading pairs.
The prominent exchange just announced this in a crucial update that also involves multiple other cryptocurrencies.
Binance Adds New Trading Pairs, Dogs Sees Record Volume
Is Binance preparing for a meme coin season?
The world’s leading exchange by volume is expanding its memetic roaster, adding multiple new spot listings this week.
Binance’s announcement revealed that new trading pairs and trading bot services will be added. The update aims to better serve investors in a market increasingly appreciative of meme coins.
This comes after Binance listed Dogs for trading in its launchpool on August 26.
https://twitter.com/binance/status/1825940220807618802
On Wednesday, Binance announced two new spot trading pairs for Dogs and SuperRare.
For Dogs, these pairs are DOGS/BRL and DOGS/USDC. And for SuperRare, it will add RARE/BRL and RARE/USDC.
Per the announcement, trading will go live on 28 August at 1 PM UTC.
The exchange will also add spot grid and spot DCA for PEPE/TRY alongside 1000SATS/TRY, BONK/TRY, ETH/EUR, SOL/EUR, and USDC/USDT.
Lastly, Binance will add spot algo pairs for DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC at this time.
The crypto market was facing a severe headwind when Binance made the announcement. As such, prices were unable to catch momentum as expected.
Nevertheless, Dogs is thriving. The token initially launched on Binance on 26 August and has seen considerable interest since.
Nothing reflects this more than its 24-hour trading volume, which currently sits at $2 billion – over 3x higher than Dogecoin’s.
Such significant trading activity has turned heads among industry pundits, who speculate more growth is on the horizon.
This underscores the seismic impact that tier-one exchange listings can have on cryptocurrencies, especially new projects like Dogs.
With that in mind, let’s examine another meme coin that might soon be listed on Binance, Pepe Unchained.
Pepe Unchained Raises $11 Million, Drawing Investors With Meme Coin L2 Utility
Binance’s listing criteria states that market interest is crucial – and that’s why Pepe Unchained could be listed next.
The project is in its presale and has raised a staggering $11 million.
Pepe Unchained is a meme coin that will also have an Ethereum layer 2 blockchain.
It’ll be the first Pepe-themed token with its own blockchain, differentiating it from every other meme coin.
The project is also setting itself apart with community support. With over $11 million, investors are clearly interested in its meme coin-layer 2 hybrid use case, and so are industry experts.
For instance, the 99Bitcoins YouTube channel acknowledged that “smart money” is currently capitalizing on the low price of Pepe coin. However, the analyst tipped Pepe Unchained as an alternative that could provide more lucrative returns.
The Pepe Unchained network will have features, such as a block explorer, an instant Ethereum bridge, and staking.
It also promises speeds 100x faster than Ethereum and lower fees.
Right now, the presale is ongoing, and investors can buy it for $0.0093851.
However, this price will rise throughout the campaign, with the next increase in two days.
