Upbit, the largest exchange in South Korea, has announced that it will launch the PEPE Korean won trading pair. The memecoin has gained popularity and its price has risen sharply following listings on Coinbase, Robinhood, and Upbit. To control volatility, Upbit has implemented restrictions such as a 5-minute buy limit and a minimum sell price during the first five minutes of trading. Early investors in PEPE have started taking profits, with one whale selling 500 billion coins worth $11.8 million. Despite this large sale, the whale still holds 1.48 trillion PEPE, yielding an estimated profit of $45 million. The debut of PEPE in Upbit's Korean won market has generated increased market interest, with open interest in PEPE increasing by 63% to $316 million and liquidations topping $48 million in a single day.
- Content Editor ( cryptonewsland.com )
- 2024-11-14
Upbit Launches PEPE Trading Pair, Sparking Volatility and Investor Activity