Coinbase describes Pepe token as a “hate symbol” 

Coinbase is facing huge criticism from the Pepe token Investor & supporters because of its latest negative statement against the Pepe token. 

Pepe is a pure meme concept-based Crypto token, which was launched less than a month ago but grabbed huge popularity. This token runs on the Ethereum network as an ERC-20 token. The last month saw a surge in the popularity of meme tokens at a very big level. The crypto sector also saw an inflow of huge numbers of meme coins via Bitcoin ordinals (ORC-20).

The current trade price of this token is 3,000% high over the last 24 days of trade price. 

On 10 May 2023, the Coinbase exchange sent an email letter to the Coinbase customers via newsletter and stated that the fog theme was used by alt-right groups as a hate symbol.

      -----Cryptonews AD----->>>  

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE

  <<<-----Cryptonews AD-----    

 

A crypto influencer shared a screenshot of that newsletter email with his followers.

Why is @coinbase sending out emails telling people that $pepe is an alt-right hate symbol?? pic.twitter.com/UNzClQlwwv

— borovik.eth (@3orovik) May 11, 2023

This crypto Influencer also shared an email from the Gemini crypto exchange, where the Gemini Exchange supported the Pepe token as an independent choice for the customers to invest money. 

Class act from @Gemini@coinbase called $pepe an alt-right hate symbol in an email

Gemini wrote “pepe continues the tradition of giving the control of money back to the people” pic.twitter.com/ValSSPwvX0

— borovik.eth (@3orovik) May 11, 2023

Because of the hate statement against Pepe Token, Coinbase exchange faced huge criticism from the Pepe token community. 

Binance supports Pepe token 

On 5 May, the top ranked crypto exchange Binance listed the Pepe token, which further boosted the trade volume of this meme coin. 

#Binance will list @pepecoineth $PEPE and @RealFlokiInu $FLOKI in the innovation zone.

https://t.co/yxcINj0whc pic.twitter.com/o4UTvWZkHj

— Binance (@binance) May 5, 2023

Here Binance is not a alone supporter of this token, instead, almost every top crypto platform supports this token trade. 

Over the last couple of days, the majority of the crypto analysts suggested people remain away from the Pepe token trend, as the trade volume of this token plunging rapidly. 

Read also: Binance decides to support Bitcoin Ordinals (BRC-20)

Coinbase describes Pepe token as a “hate symbol” 

 

https://bitcoinik.com/coinbase-describes-pepe-token-as-a-hate-symbol/feed/

https://bitcoinik.com/coinbase-describes-pepe-token-as-a-hate-symbol/feed/