Cryptocurrency PEPE managed to grow by more than 90% per day

The value of the Ripple memcryptocurrency, which appeared on the market in April, has once again skyrocketed. Over the past 24 hours, RER has managed to rise by 91.3% after Binance announced the listing of the digital asset.

According to the platform’s officials, Binance will add the PEPE and FLOKI memecoins to the listing. The altcoins will be available in the following trading pairs: FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD. It is interesting that this announcement was made just a day after Binance CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao admitted that he did not understand the meaning of memtokens.

According to the Binance blog, the tokens will be initially launched in the so-called Innovation Zone. Trading with the tokens will be opened on the exchange today, and their withdrawal will take place tomorrow at 19:00.

According to CoinGecko, the market capitalization of PEPE has exceeded $ 1.2 billion amid the news. The FLOKI rate also jumped by more than 60%. The altcoin’s capitalization increased to $ 524.3 million.

Researchers at GoPlus analyzed the PEPE memcoin smart contract and found three suspicious features. The data aggregator CoinMarketCap even added a note about the possible danger of the token, but later removed it. PEPE developers can: blacklist an unlimited number of addresses, change the number of tokens available for trading, and limit the number of transactions with the asset.

Such functions allow creating conditions for blocking, theft, and large-scale dumping of a digital asset by its creators. Any fraudulent actions can significantly affect the wallets of investors who continue to invest in a little-known but rapidly growing digital asset.