Gemini, the cryptocurrency exchange owned by the Winklevoss Twins, recently announced a 1 billion PEPE giveaway to celebrate the memecoin becoming part of their ecosystem. To be eligible to win, applicants must have a verified account with a linked source of funding, and need to be a follower of Gemini's Twitter account. Submissions will remain open until 11:59 PM EST on Sunday, May 14th.

PEPE has gained considerable attention since its launch around a month ago, rapidly gaining market value and value appreciation. Binance's confirmation of it's listing on the platform led to an even greater surge in price, becoming a significant benefit to early investors. However, the memecoin has seen a steep decline this week, losing around $1 million in market cap since the beginning of the week.

Coinbase chose not to list the memecoin, due to what was deemed to be a "hate symbol".The decision sparked widespread response from the community, eventually leading to an apology by Coinbase. Despite this, PEPE coin is yet to be confirmed for listing on Coinbase.

Gemini's 1 billion PEPE giveaway is a way for the Winklevoss Twins to celebrate the entry of PEPE into the Gemini's ecosystem. The reaction of the crypto community to PEPE's reception is testament to the importance and power of meme coins. The 1 billion PEPE giveaway is an exciting initiative with potentially life-changing implications for the winner, who could earn $1350 according to the current estimated market price.



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