Coinbase, the leading cryptocurrency exchange in the United States, has recently sent emails to its users, stating that they consider the popular meme coin Pepe Coin (PEPE) a “hate symbol” utilized by alt-right organizations.
The email sent by Coinbase has garnered attention from investors and traders of the PEPE token, which launched just three weeks ago. As a result of this email, PEPE users have initiated a boycott against the U.S.-based crypto exchange.
Consequently, Borovik.eth, a prominent crypto influencer, has shared a screenshot of the May 10 email, which references the 2016 decision made by the Anti-Defamation League to include the “Pepe the frog” meme character in its online hate symbols database.
Moreover, this email by the Coinbase exchange has led to whether it will list Pepe Coin on the Coinbase platform.
Gemini cryptocurrency exchange has become a magnet for PEPE token users, who have swarmed to the platform in droves. The reason behind this sudden influx is Gemini’s groundbreaking move of listing the highly sought-after Pepe Coin just yesterday.
This strategic decision has catapulted Gemini into the ranks of the top 25 largest Pepe Coin (PEPE) holders, securing their position as a significant player in the thriving Pepe Coin community.
The enthusiastic response from users reflects the excitement and confidence sparked by Gemini’s embrace of the PEPE token, marking a significant milestone in the exchange’s journey toward innovation and inclusivity.
A Twitter user, Kenobi, passionately expressed his viewpoint that Pepe, a popular internet meme, should not be regarded as a symbol of hate. Kenobi announced his intention to transfer funds to the well-known U.S.-based cryptocurrency exchange, Gemini.
To highlight his stance, Kenobi employed the hashtag “deletecoinbase” in his tweet, emphasizing his preference for Gemini over the competing exchange.
The PEPE token is experiencing a bearish sentiment, resulting in a price decrease of 14.66%. The token is currently traded at $0.000001635, with a support level of $0.000001578 and a resistance level of $0.000002014.
Source: https://www.cryptopolitan.com/coinbase-labels-pepe-coin-a-hate-symbol-sparks-boycott/