Was $PEPE's listing on Binance the top for this memecoin and maybe even bitcoin? godbole17 reports in this morning's First Mover Americas
since Binance, the world’s leading cryptocurrency exchange by trading volume,frog-themed cryptocurrency on Friday at 16:00 UTC. The token traded at around $0.0000022 at press time, having set a record high of $0.00000431 about 40 minutes after Binance listed the token, data from charting platform TradingView show. “The volume of news around Pepe peaked with the Binance listing and has since materially declined,” crypto services provider Matrixport’s Markus Thielen said in a note to clients.
, deepening six-month downtrend. According to crypto asset management firm Blofin’s volatility trader Griffin Ardern, consistent selling of options by structured products has contributed to the implied volatility slide. “Many sellers of these options are exchanges and third-party asset management institutions, and their customers are mainly groups that want to obtain fixed income, such as miners and whale groups,” Ardner told CoinDesk, explaining the unusually low volatility.
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