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South Korean cryptocurrency exchange Upbit has announced the listing of two popular meme coins: Brett (BRETT) and Pepe (PEPE). The announcement has led to a notable surge in the prices of both tokens, as traders and investors react to the new opportunities presented by Upbit’s latest listings.

Notably, the development highlights the growing influence of meme coins in the cryptocurrency space.

Upbit’s decision to list Brett (BRETT) and Pepe (PEPE) on its USDT market has had a dramatic impact on the prices of these tokens.

For Brett, the price has jumped by 18.4% to $0.0906, marking a substantial rise within the past 24 hours. This increase is significant given that the has seen a decline of 37.4% over the past month.

The immediate price spike following the listing announcement suggests strong market enthusiasm.

Conversely, Pepe (PEPE) has also experienced a 9.31% rise over the same period to $0.058011 at press time. Today’s surge comes at a time when the coin has seen significant volatility.

Upbit’s listing announcement includes a promotional offer of free withdrawals for both Brett and Pepe for the first 24 hours. This incentive is designed to attract early adopters and increase trading activity.

After the initial 24-hour period, standard withdrawal fees will apply, so users are encouraged to act swiftly to take advantage of the fee-free withdrawals.

The listing also emphasizes the importance of using the correct networks for deposits and withdrawals — BRETT on the Base chain and PEPE on Ethereum, to avoid transaction issues.

Brett, launched on the Base chain in February 2024, is inspired by the character Brett from Matt Furie’s comic book “Boy’s Club” and aims to become a cultural icon within the crypto community.

On the other hand, Pepe, which debuted on Ethereum in April 2023, capitalizes on the popularity of the Pepe the Frog meme.

Although both tokens lack inherent utility, their strong community support and recent Upbit listing are driving their price surges.

As meme coins continue to capture market interest, the listing of Brett and Pepe on Upbit underscores the dynamic nature of the cryptocurrency market and the growing impact of meme-driven tokens.

The post Pepe, Brett prices surge on Upbit listing announcement appeared first on Invezz

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