New Listings: PEPE & SUI USDT-margined Perpetual Futures

05/16/2023

PEPE & SUI USDT-margined perpetual futures are now available on BTCC with up to 50x leverage.

We are thrilled to announce that we have listed PEPE (Pepe)—the hottest memecoin in the crypto space—and SUI (Sui)—the native token of the most talked-about Layer 1 blockchain on BTCC. You can now trade PEPEUSDT and SUIUSDT perpetual futures with up to 50x leverage on our app and web. 

Below is a table showing the contract specifications of this round of product addition.

New Listings - PEPE and SUI Contract Specifications

PEPE (Pepe)—The ‘Pepe the Frog’ coin that started the whole memecoin season

PEPE logo

What is PEPE?

  • PEPE is a cryptocurrency created based on the popular internet meme Pepe the Frog. The cartoon character has been a widely known and much-loved internet meme since around 2015, and PEPE was released on the Ethereum blockchain in April 2023.
  • Since its launch, PEPE has followed the success of memecoins like DOGE and SHIB, which have similar features such as low cost and fast transaction speed. 
  • Based on the PEPE community’s passion for the project, they are determined to make PEPE the ‘King of Memcoin’, aiming to take over the place of DOGE. To achieve this, PEPE is actively working on the staking and burning mechanisms. A brief three-phase roadmap is posted on the official website, and the first phase’s targets are gradually achieved.
  • Within a month of PEPE’s launch, it rose by a staggering 3,000% or more and was listed on many exchanges, turning early PEPE holders into millionaires. This craze around PEPE triggered what has been dubbed the ‘memecoin season’, with other memecoins released within hours also experiencing dramatic surges and plunges.

Current momentum & future trend

  • PEPE ranks 63rd on CoinMarketCap, with a market capitalisation of $666 million.
  • Since its launch, PEPE has soared to its all-time high of $0.000004217 on 6 May 2023, and it then experienced a price correction, falling to the current $0.0000017 level.
  • On 13 May, Twitter boss Elon Musk shared a meme on the constitutional amendments in the United States, and what caught the market attention was that Pepe the Frog was featured in the meme. Interpreted as indirect support of the latest memecoin, PEPE was up by 54.7% following Musk’s tweet.
  • The tweet was also shared by Pepe’s official account, which added a comment saying, “seize the memes of production $PEPE”.
  • Whales appear to be interested in PEPE as well. According to The Data Nerd, three wallets were discovered to have bought trillions of PEPE, and they made more than $1M in profit trading PEPE.
  • With the craze around PEPE and other memecoins that have emerged recently, will the memecoin season continue to grow? Monitor the PEPE price with our market widget.

SUI (Sui)—The new ‘Ethereum killer’

SUI logo

What is SUI?

  • Released in May 2023, SUI is the native token of Layer 1’s blockchain and smart contract platform Sui, which was developed at Mysten Labs and founded by former Diem developers at Facebook (now Meta). It aims to build an experience that meets the needs of the next billion users on Web3.
  • Sui uses the same highly secure Move programming language as Aptos. It is also noteworthy that the company has received significant investment from venture capital firms such as a16z. Furthermore, SUI could reach a speed of 300,000 transactions per second (TPS) thanks to its transaction concurrency and storage, and it has actually achieved an average of 18 TPS at a low cost since its release. This speed is unmatched by Ethereum or Solana: Ethereum 2.0 is only estimated to have a TPS of 100,000, while Solana’s TPS is just 65,000.
  • SUI’s native token, SUI, is used for trading and voting on the platform and is distributed in the form of rewards. SUI also focuses on NFTs and GameFi by offering discounts for using the DeFi protocol, taking advantage of its secure and low-latency features.

Current momentum & future trend


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