Gemini Lists PEPE Meme Coin, Amidst Controversy
Gemini, a leading cryptocurrency exchange, has announced the listing of PEPE meme coin. The move comes after several other major exchanges, including Binance, OKX, and Huobi, have already listed the coin.
PEPE is a “frog-themed” meme coin that has gained a cult following since its inception in April 2023. The coin’s price has skyrocketed in recent weeks, thanks in part to its listing on Binance.
However, the listing of PEPE has also been met with controversy. Some critics argue that meme coins are nothing more than pump-and-dump schemes, and that their listing on major exchanges legitimizes them.
Others argue that meme coins can be a legitimate form of investment, and that they can provide a way for people to get involved in the cryptocurrency market.
It remains to be seen whether the listing of PEPE on Gemini will have a lasting impact on the meme coin market. However, the move is certainly a sign that these coins are becoming more mainstream.
In other news, Sandeep Nailwal, one of the co-founders of Polygon, has expressed disappointment regarding the lack of high-quality applications in the blockchain space. He made this comment in the context of expanding web 3.0 further into the mainstream world. Nailwal acknowledged the power of layer blockchains such as Bitcoin and Ethereum but stated that the current craze around memecoins will not help the market’s bigger cause.
Nailwal’s comments highlight the growing debate about the role of meme coins in the cryptocurrency market. Some argue that these coins are a distraction from the more serious projects that are being built on blockchain technology. Others argue that meme coins can be a way to introduce new people to the cryptocurrency market and that they can have a positive impact on the overall ecosystem.
Only time will tell what the long-term impact of meme coins will be. However, it is clear that these coins are here to stay and that they will continue to be a topic of debate in the cryptocurrency community.