On May 5, 2023, something huge happened in the crypto world — Binance officially listed Pepe Coin ($PEPE ), the internet’s latest meme coin sensation. As someone who closely follows meme culture and the cryptocurrency space, I found this announcement exciting and a bit surreal. It’s not every day that a token born from an internet frog makes its way onto the world’s biggest crypto exchange.
What the Binance Listing Means
Binance introduced PEPE in its Innovation Zone, alongside Floki Inu (FLOKI), and opened trading with pairs like PEPE/USDT and PEPE/TUSD. Users could start depositing immediately, with withdrawals following shortly after.
What’s even more intriguing is that Binance waived the listing fee and offered zero maker fees on PEPE/TUSD trades — a pretty generous move that certainly helped boost early interest. To add to the momentum, PEPE was also added as a borrowable asset on Binance’s Isolated Margin, available within just 48 hours of its debut.
The Market’s Reaction Was Wild
The reaction to PEPE’s listing was nothing short of explosive. The price shot up over 100%, reaching a peak of $0.00000302. That surge pushed its market cap over $1 billion, making PEPE the third-largest meme coin, trailing only behind Dogecoin ($DOGE ) and Shiba Inu ($SHIB ). It was a massive leap, considering the coin had started as an internet joke just weeks earlier.
Binance’s Caution — And Why It Matters
Despite the excitement, Binance did something smart — they issued a warning to investors. They were upfront about the risks. PEPE, after all, doesn’t have a real-world use case or value backing it. It was created by an anonymous team, and interestingly, around 7% of the total supply was scooped up by insiders right after launch. That raised eyebrows and concerns about potential
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