BitPoint Japan has just announced the launch of trading for the PEPE token, a memecoin that now becomes the first official digital asset of its kind listed in Japan.
Inspired by the iconic meme PEPE the Frog, PEPE is now available on BitPoint for spot trading, lending, and long-term investment. This move marks a significant milestone for the crypto market in Japan, refreshing the growing trend of memecoins that are gaining momentum globally. Following the announcement, PEPE’s price surged by more than 5 percent, now trading around $0.00000956 with a market capitalization exceeding $4 billion.
New Opportunities for Japanese Crypto Investors
With this listing, BitPoint provides Japanese investors a chance to participate in the memecoin phenomenon, which has become one of the biggest trends in the global crypto market. According to a report from Coindesk Japan, PEPE’s arrival on BitPoint not only allows investors to buy and sell the token but also opens additional investment opportunities through lending programs and fixed investments.
In a crypto market largely dominated by traditional assets like Bitcoin and Ethereum, the entry of a memecoin like PEPE offers investors new options to pursue emerging trends with high-return potential. BitPoint has also launched two special campaigns to draw local investors’ attention to PEPE. The first is a lottery for users who purchase at least 10,000 yen worth of PEPE, where 10 winners will receive an additional 100,000 yen in PEPE.
Meanwhile, the second campaign targets BitPoint’s social media followers, designed to boost engagement and expand the platform’s investor base.
PEPE’s Unique Appeal
A key feature that sets PEPE apart in the market is its deflationary model. With each transaction, a small portion of PEPE tokens is burned, meaning they’re permanently removed from circulation.
Over time, as more transactions occur, the total number of available PEPE tokens will gradually decrease. This deflationary principle is believed to increase demand by adding scarcity, offering potential value appreciation for long-term holders of the token.
This deflationary mechanism is unusual for most crypto assets, making PEPE an attractive choice for investors interested in unique economic token models. With a limited supply of tokens in circulation, PEPE has successfully drawn significant attention, especially among younger investors who see it as an opportunity for quick profits.
The Memecoin Trend and Its Impact in Japan
The memecoin phenomenon isn’t new in the global crypto market, but regulatory acceptance in Japan makes this a historic moment. BitPoint is the first platform in Japan to list a memecoin, signifying a shift in regulatory attitudes and general perceptions of digital assets previously viewed as mere memes or jokes.
This move by BitPoint also reflects the growing demand for memecoins, which frequently capture attention for their rapid price spikes, albeit accompanied by high risks. Globally, memecoins have captivated investors, thanks to the popularity of Dogecoin and Shiba Inu in the past. Now, PEPE emerges as a new competitor riding this momentum.
Interestingly, this trend is not limited to Ethereum-based platforms but also extends to other blockchains like Solana and TON, which have seen a significant increase in user activity due to the rising interest in memecoins.
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