Cryptocurrency exchange Gemini announced on Tuesday that it has listed the “hype meme token” PEPE. Trading of the new token will start soon.

Trading will be available first on the API/FIX and ActiveTrader apps for the USD trading pair, and then on the Gemini mobile app and website for the USD, GBP, EUR, CAD, AUD, HKD and SGD pairs.

A few days ago, the PEPE rate collapsed by 47%. The fall occurred a few days after the price of the token suddenly rose by 45%, and its capitalization exceeded $1 billion.

The developers of the mem-token have added to their offspring the function of blocking addresses, when using which the user who bought the token cannot sell, exchange or withdraw it. Even developers cannot cancel the lock, as the owner of the smart contract changes. True, developers can no longer add an address to the black list.

The Rere smart contract has a token burn function, but no issue function. That is, the number of tokens circulating between investors can only decrease.

Amid the excitement surrounding PEPE, digital artist Johnny Shankman posted a video on Twitter showing the process of creating a new EASY_MONEY token in just 27 seconds.