According to the statement made by cryptocurrency exchange Huobi, the platform will list BOB, a meme token similar to PEPE.
Huobi said that deposits for the token in question have started, and trading will begin shortly thereafter. Filming for BOB will begin on May 7, 2023 at 13:30 Turkish time.
If there are no orders in the order book between 90% ~ 110% of the final price, all new Market orders for buy/sell will be automatically canceled to avoid slippage.
BOB, which has a market value of 124 million dollars at the time of this writing, has gained approximately 120% in the last 24 hours.
— Huobi (@HuobiGlobal) May 6, 2023
Huobi claims to be the first centralized cryptocurrency exchange to list the hottest altcoin of recent times, PEPE.
It should be noted, however, that meme tokens are highly speculative and risky investments. They are not backed by any real value or benefit, and their prices are driven by hyperbole, sentiment, and social media influence. Meme tokens are prone to excessive volatility, manipulation, fraud, and regulatory uncertainty.
*Not investment advice.