In the past hour, Binance has abruptly suspended deposits for its newly listed PEPE and FLOKI coins due to ‘technical difficulties’.
Meanwhile, the prices of both PEPE and FLOKI are currently rallying up the charts at the time of writing at 15:30 BST.
According to updates from the official Binance Twitter account, customers have been unable to view deposits for the Pepe and Floki. They report that the company is working to resolve the issue, while also reassuring the public that their funds are safe.
The tweets state: “Due to technical difficulties, deposits for $FLOKI and $PEPE on #Binance have been temporarily suspended. Please note that you may not be able to view your deposits of FLOKI or PEPE during this period – we’re currently working on resolving the issue.
“Funds are SAFU.”
Binance x FLOKI x PEPE
Binance has since clarified that the listing of PEPE and FLOKI will be pushed back by two hours today. The company has tweeted: “Trading will start at 18:00 UTC, as opposed to the original start time of May 5, 16:00 UTC.”
Memecoin season
Memecoins are continuing their market dominance this week.
Earlier today, Binance had invited users to start depositing FLOKI and PEPE in preparation for trading of new spot trading pairs in their Innovation Zone – LOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD.
At the time of writing, FLOKI is trading at $0.00005182 – leaping up a massive 59.04%, with a market cap of $503m.
Meanwhile, PEPE has jumped 128% to $0.00000365, according to the latest live data from CoinMarketCap.
With a market cap of $1.3bn, Pepe has reached a new all-time high and is now ranked at number 42 in the crypto market, having recently returned massive profits for investors in the frog coin.
