Two popular altcoins are soaring in price after receiving surprise listings from US-based cryptocurrency exchange platform Bitstamp.
In a new blog post, the cryptocurrency exchange announced that its US branch is adding support for PEPE, a frog-themed meme asset built on top of smart contract platform Solana (SOL) and leading altcoin Ethereum (ETH). He said there was.
“The day Solana and Pepe’s American fans have been waiting for is finally here! We are excited to announce that the well-known Solana and the popular meme coin Pepe are now tradable on Bitstamp in the US.”
According to the listing news, both SOL and PEPE were blown away. Solana rose from a low of $235 on November 28 to a high of $246 the next day, while PEPE rose from a low of $0.00001941 to a high of $0.00002101 during the same period.
Both SOL and PEPE have since recovered and are trading at $240 and $0.00002038 respectively at the time of this writing.
In the post, Bitstamp describes Solana as a “state-of-the-art blockchain platform designed to deliver fast and scalable transactions,” and describes Pepe as an attractive token inspired by the legendary Pepe the Frog character that has no real utility beyond collecting and trading.
Earlier this year, retail trading giant Robinhood announced that it would acquire Bitstamp, founded in Luxembourg in 2011, for $200 million, despite receiving a Wealth Notice from the U.S. Securities and Exchange Commission (SEC).
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