PEPE delisting on Flexible Loan platform commences June 21, 2023, 08:00.
PEPE has decreased by 13.9% over the past week.
The world-renowned cryptocurrency exchange Binance has decided to delist PEPE as a borrowable asset on its Flexible Loan platform. As per Binance’s official statement, starting from June 21, 2023, at 08:00 (UTC), users will lose the ability to borrow PEPE on the Flexible Loan platform, in line with the delisting announcement.
Users are strongly urged to repay any existing loans before the specified deadline to prevent potential liquidation. Failure to do so may result in a 2% liquidation fee in relevant cases. PEPE is currently at $0.0000009330, accompanied by a significant 24-hour trading volume of $124,571,722. Over the past day, PEPE has shown a notable 7.14% increase.
PEPE price chart (source: TradingView)
Albeit, The coin’s value has dropped by 13.9% over the past week, posing challenges for investors. Binance’s listing announcement on May 5, 2023, propelled Pepecoin to new heights, hitting an all-time high of $0.000004354 per coin. This remarkable achievement drew significant interest from investors and enthusiasts, showcasing the immense potential of cryptocurrency.
Binance Flexible Loan enforces repayment exclusively in the borrowed cryptocurrency. Hence, users are advises to have the required PEPE funds readily available to fulfill their loan repayment obligations promptly.