Pepe and BRETT have seen impressive price increases following a major announcement from the Upbit cryptocurrency exchange. Starting at 19:30 on August 20th, Upbit will offer trading support for these two meme coins, driving significant market activity.
Upbit Adds BRETT and Pepe Coin to Trading Platform
Upbit’s latest announcement marks a key step in diversifying its asset offerings. BRETT, which operates on the Base Chain, and Pepe Coin, running on the Ethereum network, have been added to the platform. These coins aim to attract investors with their unique appeal.
To encourage user engagement, Upbit has waived withdrawal fees for the first 24 hours after deposits and withdrawals begin. This strategic move is expected to boost trading activity as users take advantage of the fee waiver.
Initial Trading Restrictions for Market Stability
To ensure a smooth launch, Upbit has implemented several trading restrictions. In the first five minutes, buy orders will be restricted, and selling prices cannot drop more than 10% below the previous day’s closing price. Additionally, market and reservation orders will face restrictions an hour after trading begins. These measures are designed to prevent market manipulation and create a fair trading environment.
Market Response: Pepe Coin and BRETT See Price Surges
The market reacted positively to the news, with Pepe Coin experiencing a 12% price increase, trading at $0.000008088 at press time. A report by Coin Gape suggests that PEPE could see further gains, potentially rising to the $0.00002250 level—a 200% increase from its current price.
Similarly, BRETT saw a 30% surge, reaching $0.1031 shortly after the trading support announcement. The rapid price movement indicates growing optimism among traders about the future potential of these meme coins.
Historical data from Upbit shows that BRETT’s price was $0.07887 USDT at the previous day’s close, rising to $0.08394 USDT just before the announcement. This illustrates the immediate impact of Upbit’s listing on these digital assets.
