PEPE, the popular memecoin, recently made a major milestone by getting listed on Binance. However, the accompanying price plunge following the listing has caused significant volatility in the market. Early buyers and whales dumped their assets, causing a more than 56% drop in trading volume.

Binance suspended the market order functions for PEPE, FLOKI, and Shiba Inu due to the extreme volatility. Despite the losses, PEPE's price has started to regain momentum and is currently changing hands at $0.000002991, with a marginal growth of 1.35% over the past 24 hours.

The recent hype around memecoins like PEPE, FLOKI, and SHIB highlights the power of social media and online communities in driving market sentiment and prices.