Pepe (PEPE) saw its price rebound over 19% earlier today after Binance launched a new promotion on its Simple Earn platform.
This promotion is enticing new demand for PEPE as traders take advantage of increased earnings potential.
Meanwhile, Polygon-based meme coin Sponge V2 (SPONGEV2) has extended its rally yet again – and is now up 126% since launching on February 5.
New Binance Promo Sparks PEPE Price Rally
PEPE’s price pump comes right after Binance, the world’s leading cryptocurrency exchange, launched a new series of promotions for the token.
Binance aims to boost PEPE demand with these promotions, offering both free tokens and higher interest rates.
The first part of the promo involves gifting 700,000 PEPE tokens to the first 50,000 people who learn about the