Historic Debut of Memecoin in Japanese Markets

A popular memecoin has made history in Japan as it becomes the first of its kind to be listed on a local exchange, BITPoint. This Tokyo-based platform announced it will be listing PEPE on October 30, allowing users to engage in spot trading, lending, and savings specifically for the memecoin. To celebrate this milestone, BITPoint has rolled out two promotional campaigns to attract investors. The first initiative offers a chance for ten participants to win PEPE coins valued at 100,000 yen if they purchase at least 10,000 yen worth of the memecoin. The second initiative encourages engagement through its BITPoint X account until November 27. Inspired by the popular internet character Pepe the Frog, PEPE is currently priced at $0.000009521 with a daily trading volume of around $700 million. Although its price has seen minimal fluctuation recently, it has experienced a 5% decline over the past week. PEPE holds the 24th spot on CoinMarketCap’s rankings based on market capitalization. READ MORE:

XRP Set for Major Upswing with Key Year-End Catalysts The memecoin market has evolved significantly since the inception of the first memecoin in December 2013, boosting platforms like Solana, which has seen a surge in on-chain activity due to this trend. On October 24, Solana recorded daily network revenue of $4.8 million, though it dropped to $2.5 million by October 27, with a total of $3.8 million in fees logged as of October 29. Other blockchains, such as TON (The Open Network), have also experienced spikes in activity due to memecoin enthusiasm, particularly surrounding the DOGS token. Tron’s SunPump launchpad saw a substantial increase in user activity this August, generating over $1 million in revenue and achieving more than 91,000 token creations. Leading the memecoin sector is Dogecoin, with a market capitalization of $25.45 billion, followed by Shiba Inu at $11.06 billion. PEPE ranks third with a market cap of approximately $4 billion. Major exchanges, including Binance, have actively listed these popular memecoins, reflecting the ongoing growth of this unique segment in the cryptocurrency landscape.