Bitstamp, a US-based crypto exchange platform, has surprised the market by listing two popular altcoins, causing a surge in their prices.
According to a recent blog post from Bitstamp, the exchange’s US branch has added support for Solana (SOL), a smart contract platform, and Pepe (PEPE), a meme asset based on Ethereum (ETH).
“The day US fans of Solana and Pepe have been waiting for is finally here! We’re excited to announce that well-known Solana and the popular meme coin Pepe are now available for trading on Bitstamp in the US.”
Following the news of the listings, both SOL and PEPE experienced significant price surges. Solana’s price rose from $235 to $246, while Pepe saw an increase from $0.00001941 to $0.00002101.
As of the latest data, SOL is trading at $240 and PEPE at $0.00002038.
Bitstamp describes Solana as a blockchain platform known for its fast and scalable transactions, while Pepe is characterized as a token inspired by the popular Pepe the Frog meme with no real utility beyond collecting and trading.
Earlier this year, Robinhood, a major retail trading platform, announced its acquisition of Bitstamp for $200 million, despite facing regulatory scrutiny from the SEC.
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Image Credit: Midjourney