Memecoins $PEPE and $BRETT Explode on Upbit Listing

Pepe ($PEPE) and Brett ($BRETT) have witnessed impressive price surges as Upbit — South Korea’s largest cryptocurrency exchange — is set to list the memecoins.

In a blog post on Tuesday, Upbit announced it would list $PEPE and $BRETT on its $USDT market at 19:30 on Tuesday, August 20, 2024.

$PEPE and $BRETT Jump on Upbit Listing 

Following the announcement, $PEPE witnessed a 13% price surge to trade at $0.000008114. This performance helped return its market cap to $3.4 billion with a daily trading volume of $711 million. This price surge is noticeable given that the memecoin has plummeted by more than 33% over the past month.

On the other hand, $BRETT skyrocketed by 36% to exchange hands at $0.1023 on the listing announcement. Following the price surge, its market cap rose to $1.003 billion, while its daily trading volume jumped nearly 200% to $67 million.

$PEPE is currently ranked the third largest memecoin in the market, while $BRETT maintains the seventh position.

These impressive performances highlight the impact a listing on leading exchanges like Upbit can have on the value of a digital asset. Moreover, the listing is expected to help bring a larger audience to the tokens and boost their growth in the future.

Listing Benefits 

Meanwhile, Upbit gave some important updates regarding the listing of $PEPE and $BRETT. The crypto exchange stated that it would initiate zero withdrawal fees for 24 hours after the start of deposits and withdrawals for the tokens. The move is expected to attract users and boost token and exchange trading activities. Fees will be charged after the 24-hour mark.

Users are advised to check the network before depositing the tokens, as deposits and withdrawals are only supported on the guided networks. $BRETT will be processed on Base chain, while $PEPE will be supported on the Ethereum network.

The exchange stated that deposits must be made from exchanges listed as eligible virtual asset operators by Upbit in compliance with the Travel Rule.