Two popular cryptocurrencies, Solana (SOL) and Pepe (PEPE), saw a price boost after being added to Bitstamp, a major US cryptocurrency exchange.
Bitstamp Adds Solana and Pepe
Bitstamp announced the listing of both SOL and PEPE on its US platform. The exchange described Solana as a fast and scalable blockchain and Pepe as a meme coin based on the popular Pepe the Frog character, emphasizing that it has no inherent utility beyond trading.
Price Surge and Retracement
The news sent both cryptocurrencies higher. Solana briefly climbed from around $235 to $246, while Pepe jumped from $0.00001941 to $0.00002101. However, both have since slightly retreated. At the time of writing, SOL is trading around $240, and PEPE is at approximately $0.00002038.
Bitstamp’s Recent Acquisition
It’s worth noting that trading giant Robinhood recently acquired Bitstamp for $200 million earlier this year. This acquisition happened despite Bitstamp receiving a Wells Notice from the US Securities and Exchange Commission (SEC).
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto carries significant risk.
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