Paul Grewal admitted that the Coinbase exchange made a mistake & passed a bad statement against the Pepe meme token.
Coinbase is a US-based Nasdaq-listed public crypto exchange. This crypto trade platform was founded by Brian Armstrong and Fred Ehrsam in 2012. In April 2021, this Crypto company went public with a direct stock listing. After the COVID-19 pandemic, in May 2020 this exchange shut down its San Francisco headquarters & became fully digital.
Recently Coinbase chief legal officer Paul Grewal took to Twitter to share his opinion on a recent negative overview passed by the Coinbase team against Pepe Token, via Coinbase newsletter email to the users.
Mr. Grewal apologised for the mistake that the Coinbase team made against the newly emerging popular meme coin “Pepe”. According to the Coinbase officer, the Coinbase overview was trying to provide a fact-based history picture of a trending topic.
Further Grewal said that the overview of the meme coin picture doesn’t mean to describe the history of the meme coin and further said sorry for what people thought & considered, on behalf of Coinbas’s statment.
Pepe token portrays a hate symbol
Around three days ago, the Coinbase exchange stated that Pepe is a frog concept-based meme token & over time it was used as a hate symbol.
Many Pepe token traders & lovers jumped against the Coinbase exchange and asked the Coinbase exchange & its CEO Brian Armstrong to take that bad statement back.
Pepe token trade price
The current trade price of Pepe token is $0.0000016 & this trade price is 30% high over the last 24 hours’ trade price.
Over the last 24 hours, trade volume in this token market also saw an increment of 29.5%, which is a very good indication for Pepe token’s trade price sentiment.