- PEPE has become the first meme coin from Japan listed on BITPoint, enabling local trading.
- Vantard’s initial funding round has entered Stage 3, raising $223,130.
- The $VTARD token price has risen 20% so far and is forecast to reach $0.00019 by the final presale stage.
PEPE has made history as the first meme coin listed on Japan’s BITPoint exchange. This milestone opens a new avenue for Japanese memecoin investors, allowing them to access and trade this popular digital asset through spot trading, savings, and lending services offered by a regulated local platform.
At the same time, Vantard, a decentralized index fund designed to capture the rapid growth of meme coins, has advanced into Stage 3 of its initial fundraising round, creating renewed interest among investors seeking exposure to the latest trends in crypto.
PEPE becomes the first meme coin listed by a Japanese exchange
Inspired by the internet phenomenon Pepe the Frog, PEPE has quickly gained traction in the crypto market. On October 30, 2024, Tokyo-based crypto exchange BITPoint announced the listing of PEPE for spot trading, savings, and lending services, marking a notable development for the meme coin sector.
At the time of listing, PEPE traded around $0.000009521, with a robust 24-hour trading volume near $700 million.
Despite a modest 5% decline over the past week, PEPE has secured a position among the largest cryptocurrencies by market capitalization, ranking roughly 24th with a market value near $4 billion.
The significance of PEPE’s listing on BITPoint should not be understated. By becoming the first meme coin accepted by a Japanese exchange, PEPE helps bring a new pool of local investors into the meme coin ecosystem and legitimizes access to these assets within Japan’s regulated market.
To mark the occasion, BITPoint launched two promotional campaigns aimed at attracting traders. One campaign offers a random prize of PEPE tokens valued at 100,000 yen to ten investors who purchase at least 10,000 yen of PEPE, while the second targets followers of BITPoint’s social media accounts.
This listing comes amid broader growth across the meme coin landscape, where networks such as Solana have benefited from increased activity linked to meme coin trading. Solana has recorded record-high daily network revenues, driven in part by trading and borrowing activity tied to popular meme tokens.
The meme coin phenomenon has spread beyond a handful of tokens, with other blockchains like TON and Tron also experiencing heightened activity around their meme communities.
Vantard’s innovative approach to meme coin investment
As the memecoin market evolves, Vantard positions itself as an innovator by introducing a meme coin index fund that offers diversified exposure to top-performing meme tokens.
The Vantard Meme Index Fund (MIF) seeks to capture the explosive growth potential of memecoin cycles by providing a decentralized, diversified vehicle for investors. Its goal is to democratize access to memecoin investment, making it available to everyday crypto traders without requiring constant trading or manual market analysis.
The fund allows token holders to redeem $VTARD for underlying assets while employing dynamic redemption fees that adjust with market demand. This mechanism is designed to protect the fund’s value against mass sell-offs and to help long-term holders benefit from potential upside during meme coin cycles.
Now in Stage 3 of its initial funding round, which has raised $223,130 to date, Vantard has allocated a large portion of its tokens to the treasury, ecosystem development, and liquidity. The tokenomics allocate approximately 77.27% of tokens to the treasury, which are locked for fund management and future expansion.
The fundraising effort aims to attract investors drawn to the rapidly growing memecoin market, especially as tokens like PEPE gain prominence.
As Vantard progresses through the remaining stages of its fundraising round, it plans to broaden its investment scope beyond memecoins by developing a multi-asset fund that includes a range of higher-risk, higher-reward assets.
Interested investors can visit the Vantard website to acquire $VTARD tokens before the price potentially rises further. The token has increased roughly 20% from its initial funding stage to the current price of $0.00012 and is projected to reach $0.00019 during the final presale stage.