- The largest cryptocurrency exchange in South Korea, Upbit, recently listed two new meme coin pairs: PEPE and BRETT, which saw immediate price surges.
- PEPE was initiated in April 2023, capitalizing on the popularity of the Pepe the Frog meme, marking a departure from the dog-themed meme coins.
- Justin Sun, founder of the Tron blockchain, predicts millions of users will join the Tron ecosystem, bolstered by the meme coin trend.
This article dives into the impact of Upbit’s new meme coin listings and the potential growth within the Tron blockchain community.
Upbit Adds PEPE and BRETT Trading Pairs
The renowned South Korean exchange, Upbit, has announced the addition of USDT trading pairs for PEPE and BRETT, two highly anticipated meme coins. This strategic move comes amidst a growing interest in alternative digital assets and immediately triggered a significant increase in the value of both coins. PEPE, originally launched on Ethereum by a group of anonymous developers, stands out in the meme coin market dominated by canine-themed assets such as Shiba Inu. With the new listing, PEPE saw a remarkable 13% price hike in just 24 hours, underscoring its real-time market impact.
Market Reactions to New Listings
The addition of these meme coins to Upbit’s platform has sent ripples through the cryptocurrency market. PEPE’s price surged from $0.00000720 to $0.00000816 before a minor correction of nearly 2%. On the other hand, BRETT, which debuted on the Base chain developed by Coinbase, displayed a stronger market response. The token’s value escalated by 25%, making it one of the most profitable assets in its category within a short span. As of this writing, BRETT is trading at $0.09318.
Justin Sun’s Vision for Meme Coins on Tron
In a recent tweet, Justin Sun, founder of the Tron blockchain, shared his optimistic outlook on the future of meme coins within the Tron network. According to Sun, the success of these tokens is not coincidental but a collective effort driven by engaged and supportive communities. He emphasizes that the burgeoning interest in meme coins can substantially benefit the Tron ecosystem, attracting a large number of users. Sun has been in discussions with significant meme community leaders, who have expressed readiness to integrate millions of users into Tron, anticipating a robust expansion of its user base.
Community-Driven Success
Sun’s anticipation of meme coins’ success on Tron is bolstered by the active participation of community leaders. He believes that these communities play a pivotal role in the token’s adoption and success. By fostering a shared sense of ownership and involvement, the value of the cryptocurrency can grow exponentially. These leaders’ discussions about migrating to Tron indicate a promising future for the network, potentially drawing millions of users eager to partake in the vibrant meme coin ecosystem.
Conclusion
Upbit’s addition of PEPE and BRETT trading pairs has illustrated the volatile yet lucrative potential of meme coins within the cryptocurrency markets. Concurrently, Justin Sun’s vision for the Tron blockchain to become a hub for meme coin enthusiasts underscores the significant role communities play in the growth and success of these assets. As these developments unfold, it becomes evident that community engagement and strategic listings are critical drivers in the evolving landscape of digital currencies.
