Two popular altcoins are surging in price after receiving surprise listings from US crypto exchange platform Bitstamp.
In a new blog post, the crypto exchange say which its US branch is adding support for smart contract platform Solana (SOL) and Pepe (PEPE), a frog-themed meme item built on top altcoin Ethereum (ETH).
“The day that American fans of Solana and Pepe have been waiting for is finally here! We are excited to announce that the well-known Solana and the popular meme coin Pepe are now available for trading on Bitstamp in the US.”
The news of the listings jump-started both SOL and PEPE, with Solana going from a low of $235 on November 28 to a high of $246 the next day, while PEPE went from a low of $0.00001941 to a high in the same time frame from $0.00002101.
Both SOL and PEPE have since recovered and are trading at $240 and $0.00002038 respectively at the time of writing.
In its post, Bitstamp describes Solana as “an advanced blockchain platform designed to deliver fast and scalable transactions” and Pepe as a charming token inspired by the legendary Pepe the Frog character that has no actual use beyond collecting and trading.
Earlier this year, retail giant Robinhood announced it would acquire Bitstamp – which was founded in Luxembourg in 2011 – for $200 million, despite a Wells Notice from the US Securities and Exchange Commission (SEC).
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Generated image: Midjourney