TLDR
- Binance P2P has added new PEPE trading pairs against MENA region fiat currencies on January 17, 2025
- PEPE is currently trading at $0.00001857, with a weekly gain of 7.5%
- Market analyst Max predicts a bullish breakout based on Coinbase chart patterns
- A recent 588 billion PEPE deposit by a whale hasn’t dampened market optimism
- Price predictions suggest potential 52% gain to reach 2024 high of $0.00002826
Binance, the world’s largest cryptocurrency exchange, announced on January 17, 2025, that its peer-to-peer (P2P) trading platform will now support PEPE coin trading pairs against various fiat currencies in the Middle East and North Africa (MENA) region.
The expansion marks a new chapter for the frog-themed meme token, opening up direct trading access to Binance’s extensive user base across the MENA region. Users can now buy and sell PEPE directly using their local currencies through the platform’s P2P service.
PEPE’s current market performance shows promise, with the token trading at $0.00001857 as of the announcement. The price represents a nearly 1% increase over the past 24 hours, with trading ranges between $0.00001798 and $0.00001886.
The weekly performance of PEPE has caught the attention of market participants, posting a 7.5% increase in value. This upward movement aligns with broader market recovery trends and has contributed to growing optimism among investors.
Trading volume for PEPE has remained steady despite recent market movements. A notable development included a substantial deposit of 588 billion PEPE tokens by a large holder, commonly known as a “whale” in crypto terminology.
Market expert Max, who serves as CEO of BecauseBitcoin, recently shared analysis on social media platform X, pointing to what he describes as a “giant bullish compression” forming on PEPE’s Coinbase chart. This technical pattern often precedes price breakouts, though Max notes that PEPE’s performance may be influenced by Ethereum’s price movement.
The addition of PEPE to Binance’s P2P platform represents an important step in the token’s market accessibility. The move allows for direct trading between users in the MENA region, potentially reducing barriers to entry for new market participants.
Technical analysis suggests potential price targets for PEPE, with some observers eyeing the 2024 high of $0.00002826. This level would represent a 52% increase from current prices, though such projections remain speculative.
Price action in the past 24 hours shows moderate volatility, with PEPE maintaining stability above the $0.000018 support level. Trading patterns indicate steady market interest despite broader crypto market fluctuations.
The MENA region has shown growing interest in cryptocurrency trading, making Binance’s expansion of PEPE trading pairs a timely development. The move aligns with increased demand for diverse trading options in the region.
Market data indicates that PEPE has maintained consistent trading volumes across major exchanges. The addition of new trading pairs on Binance P2P may contribute to increased liquidity in these markets.
The technical infrastructure supporting PEPE trading on Binance P2P includes standard security measures and user protection features. These systems align with Binance’s existing P2P trading protocols.
Trading activity for PEPE shows balanced buy and sell pressure, with market depth indicators suggesting stable order book conditions. This balance often contributes to more predictable price movement patterns.
Recent market analysis points to growing institutional interest in meme tokens, with PEPE gaining attention from larger trading entities. This trend coincides with broader market maturation in the cryptocurrency space.
The latest trading data shows PEPE maintaining price levels above key moving averages, while technical indicators suggest neutral to positive market sentiment as of the announcement date.
