On 30th October, BITPoint Japan became the first cryptocurrency exchange in Japan to list PEPE, a popular memecoin in the exchange. With this listing, PEPE is now available across three services on BITPoint Japan’s platform, namely spot trading, lending, and savings, making it more accessible to Japanese investors.
BITPoint Becomes First Japanese Exchange to List PEPE Memecoin
PEPE’s listing introduces Japanese investors to a unique deflationary cryptocurrency. PEPE has a mechanism where a portion of the tokens is automatically burned with every transaction. This burn mechanism gradually reduces the token supply, which is designed to help balance supply and demand over time.
To celebrate the PEPE listing, BITPoint Japan has launched two special promotions to encourage engagement. In one, 10 users who purchase at least 10,000 yen (approximately $66) worth of PEPE will be entered into a lottery, with each winner receiving an additional 100,000 yen (around $665) worth of PEPE.
This campaign is active until 3:59 p.m. on November 27, creating a window for early investors to benefit from the listing. Additionally, the exchange has announced a separate promotion exclusive to followers of its official X (Twitter) account, aiming to increase online engagement with the PEPE listing.
Also read: Pepe Coin (PEPE) Eyes Breakout As Market Cap Aims For $25 Billion: Analyst
PEPE’s Price Action
Despite the recent listing on BITPoint, PEPE’s performance remains relatively stable. The token is currently trading at $0.000009524, marking a 3.23% drop over the past seven days and a minor 0.02% decline in the last 24 hours.
Trading volume has also decreased by 11.04% over the past day, indicating a tempered level of investor interest. However, with a global market cap of $4 billion, PEPE retains significant attention among the broader crypto market.
Also read: Upbit Launches PEPE & BRETT USDT Pairs
PEPE’s debut on BITPoint Japan and the promotional campaigns may boost interest in the memecoin. However, its price remains sensitive to broader market dynamics. With continued interest from BITPoint Japan users, PEPE has the potential to gain more momentum as an unconventional yet popular asset in the Japanese crypto market.