Binance, the world's largest cryptocurrency exchange, started the day with the PEPE announcement.
Pepe (PEPE), which was launched in mid-April and attracted great attention, was listed by Binance in early May.
PEPE, which experienced a great jump in price with the listings and investor interest, experienced sharp and sharp declines afterwards.
While PEPE is experiencing these declines, Binance has announced that it has removed PEPE from a loanable asset list.
“Binance Flexible Credit has removed PEPE from a loanable asset list.
On 21.06.2023 at 08:00 UTC, Binance Flexible Loan will close all outstanding PEPE loan positions.
Users are strongly advised to repay their outstanding PEPE credits before 08:00 UTC on 21/06/2023 to avoid possible liquidation.
Where applicable, a 2% liquidation fee will apply.
Currently, Binance Flexible Credit only supports repayments in the same cryptocurrency borrowed by the user."
#Binance Flexible Loan has delisted PEPE as a borrowable asset.https://t.co/dHwFs7ilbp
— Binance (@binance) June 16, 2023
As high as $0.0000044, PEPE is down nearly 80% from its peak and is trading at $0.00000093 at the time of writing.
*Not investment advice.
Md