Pepecoin joins MEXC and WEEX amid price drop

Pepecoin is joining MEXC and WEEX, with trading set to begin on Feb. 17.

Pepecoin (PEP) is officially joining MEXC, with trading available from Feb. 17. Deposits are already open, and withdrawals will be available starting Feb. 18. The listing follows a successful kickstarter session, during which users committed over 47 million MX to support PEP’s debut. Airdrop rewards from the campaign have been distributed to participants’ accounts.

Additionally, Pepecoin will be listed on WEEX, with deposits opening on Feb.17—the withdrawal date to be announced. 

Pepecoin (PEP) (not to be confused with Pepe with the ticker PEPE) is a fully decentralized and secure blockchain designed for the Pepe community. On the Pepecoin blockchain, network consensus is reached through a simple set of rules followed by all network nodes. The blockchain supports merged mining, meaning users can mine Pepecoin alongside Litecoin (LTC) and Dogecoin (DOGE) at the same time.

Despite the announcements of the new listings, PEP’s price has plunged 18% in the last 24 hours, according to Coinmarketcap.

On a positive note, Pepecoin’s market cap is only under $50 million, while trading volume has surged 29% in the past 24 hours. Plus, PEP is up 75% on the weekly timeframe. Additionally, the first Pepecoin halving is set to occur in 58 days, according to the project’s official website. This means that the block rewards for miners will be reduced, which could lead to a supply squeeze, potentially boosting PEP price.