Bitvavo today announced that it is enabling the trading, deposit and withdrawal of Pepe (PEPE) following many requests.
What is PEPE?
Pepe (PEPE) has emerged as the latest sensation in the memecoin world. Landed in April 2023, this coin has rocketed its way to the top, recently reaching a market cap of no less than $1.1 billion.
The project defines itself on Twitter as “the most meme-worthy memecoin in existence”. The coin is based on the Pepe the Frog meme created by Matt Furie in 2005.
In an unprecedentedly short time, Pepe (PEPE) has gained considerable popularity. This rise can be largely attributed to its close association with internet culture and the active, meme-inspired community surrounding it. Bitvavo now offers users the opportunity to explore this exciting world for themselves.
The dangers of memecoins
Despite the excitement over the new addition, Bitvavo urges investors to stay informed. Pepe (PEPE), like other memecoins, has no inherent utility beyond their entertainment value and the community stories. Prices are primarily determined by social media trends and community sentiment.
Despite the excitement over the new addition, Bitvavo is urging investors to stay informed. Namely, Pepe (PEPE), like other memecoins, has no inherent use beyond their entertainment value. Prices are primarily determined by social media trends and community sentiment.
In partnership with Newsbit, Bitvavo is now offering a special offer for new users: anyone who signs up to Bitvavo through Newsbit will receive $10 free and the first $1000 worth of trading activity is free. Use this opportunity to start exploring the world of digital currencies.