Binance Adds PEPE, SUI Margin Pairs; Popular Analyst Predicts Another Rally

The world’s largest crypto exchange Binance on Monday further expanded support for Sui Network’s native token SUI and PEPE meme coin. The exchange announces new isolated margin pairs for PEPE and SUI, as well as added UMA as a new borrowable asset on Cross Margin.

PEPE and SUI prices gained massively after listing by Binance, with other crypto exchanges following the world’s largest crypto exchange in listing these tokens. While Binance continues to list meme coins, it has stayed away from Shiba Inu’s gas token BONE listing.

Binance Adds PEPE and SUI in New Isolated Margin Pairs

According to an official announcement on May 15, Binance added UMA/USDT cross margin pair on the platform. It also announced new Isolated Margin pairs for PEPE and SUI, which are PEPE/TUSD and SUI/TUSD.

After listing PEPE and SUI earlier this month, the crypto exchange continues to expand support despite listing meme coins such as PEPE and FLOKI in Innovation Zone. On May 9, Binance added PEPE and FLOKI as borrowable assets on Cross Margin, allowing users to trade PEPE and FLOKI in cross-margin trading. It also added both meme coins as loanable assets under the Binance Flexible Loan product.

Binance added SUI, FLOKI, and PEPE to Binance Convert, making users trade immediately against BTC, USDT, and other supported cryptocurrencies at zero fees.

However, the exchange remains more cautious when in comes to Shiba Inu and BONE. Binance recently took SHIB out of Innovation Zone, but restricts SHIB trading in some ways.

Also Read: Binance Suspends Market Order Functions For SHIB, FLOKI, PEPE

PEPE and SUI Prices Rally

The total trading volume on Binance has jumped significantly after listing PEPE and SUI, as well as FLOKI. Even Elon Musk commented on both meme coins.

PEPE price fell 8% in the last 24 hours, with the price currently trading at $0.00000165. The 24-hour low and high are $0.00000162 and $0.00000188, respectively.

Popular crypto analyst Michael van de Poppe predicts PEPE price needs to hold above $0.00000173 to continue toward $0.00000240. If $0.00000173 is lost, then short and try to catch a long at $0.00000085.

Meanwhile, SUI price trades at $1.23, up 5% in the last 24 hours. The 24-hour low and high are $1.13 and $1.25, respectively.

Also Read: Bitcoin (BTC) Price At “Inflection Point”, Big Move Happening In Cardano (ADA)

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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