Changpeng Zhao, popularly known as CZ, has taken to the Twitter platform to share a cautionary message to his more than 8.4 million followers about the anticipated listing of the PEPE and Floki Inu tokens on the Binance platform. He highlighted the high degree of volatility associated with these types of tokens.

Meme coins, which often increase volatility in the market, will be available for trade on the Binance Innovation Hub. In spite of the hopes of traders and investors, CZ asserts that the listing of the tokens on his exchange is not a form of endorsement. In addition, he urges people to think carefully before investing their money in such tokens as they present a high level of risk.

Days before the listing, PEPE and Floki Inu tokens have gone on a significant bullish run. PEPE, in particular, experienced a surge of 119% over the 24 hour period, setting a new All-Time High (ATH) of $0.000003231. This is really impressive, especially for its short timespan on the market. Floki Inu also followed this trend with a jump of 57% to $0.00005198.

As the listings take place, investors look forward to a new cycle of gains and grander possibilities for the tokens. Despite their already impressive performances, the potential for price discovery is still in the horizon. In addition to its potential growth opportunities, Floki Inu has been appreciated by the market for the mark it has made on the industry.



Other News from Today