#Meme #Binance #Pepe #Floki #DOGE

Binance announced on Friday that it would include the PEPE token in its innovation zone, which aims to provide Binance users with a safe place to trade new projects. The announcement of the listing sent the price of PEPE to new heights, even as Binance warned about the lack of utility of the cryptocurrency.

PEPE is an Ethereum ERC-20 token that was launched in mid-April and is inspired by the internet meme. Like other memecoins, the frog cryptocurrency has no apparent utility and is presented purely as a joke. Despite its lack of use, Pepe has quickly captured the attention of crypto enthusiasts.

In addition to Pepe, Binance also announced that it is adding the canine token Floki Inu (FLOKI), inspired by Elon Musk's Shiba Inu puppy. To trade in the innovation zone, traders must first correctly answer questions about the potential losses associated with trading new tokens.

Deposits for both cryptocurrencies opened on Friday, and users can begin trading them starting at 6:00 pm (UTC) on May 6, with deposits available from May 6. Both meme coins are added for spot trading in four pairs, including PEPE/USDT, PEPE/TUSDT, FLOKI/USDT, and FLOKI/TUSD.

Despite the warning from Binance and the Pepe project's website that it is "completely useless and for entertainment purposes only," the cryptocurrency has risen more than 10,400% in the last 18 days, according to CoinMarketCap data. The news of the listing on Binance favored the memecoin's bullish rally, which rose by over 100% on Friday, reaching a new price and market capitalization record.

Although memecoins are high-risk investments, the explosive interest in the amphibian token has resulted in a significant increase in trading volumes, making it more popular than the famous Dogecoin. However, it is important to note that memecoins are speculative investments and should be approached with caution.