Following its successful listing on BitMart on April 10, cPen Network is now making a further push into the crypto space with its listing on WEEX. The listing takes place on April 15, 2025, and this could see the token attract a new wave of interest. WEEX shared the details over X (formerly Twitter).
Source: X
WEEX has officially announced that it will list the altcoin on the Spot Trading Platform of WEEX with trading pair CPEN/USDT. The following are the official details:
Deposit Opens: April 14, 2025, 09:00 UTC
Trading Starts: April 15, 2025, at 09:00 UTC
Withdrawals Begin: April 16, 2025, at 09:00 UTC
The coin aims to build a strong platform for connecting blockchain with real-world use cases. It also focuses on creating a trusted community of users who believe in blockchain’s potential to change the world.
At the time of writing, the coin is trading at $0.000781 on BitMart. The token had a launch price of $0.003, but after hitting a high of $0.003028, it dropped 73.97%, hitting a low of $0.000450.
Source: BitMart
This drop in price has influenced community attitude. Most users had anticipated a higher price, and the precipitous decline induced selling pressure. Consequently, trust in the project has dwindled.
With the WEEX launch on the horizon, traders are wondering if the token is able to rebound. Currently, the most important support levels lie between $0.000650 and $0.000450. If the price keeps on declining, these areas might get retested.
Conversely, if the debut attracts new buyers, there is a possibility of a short-term recovery. The price may attempt to touch $0.000950 or even $0.001000, which are seen as resistance points. But without strong trading volume, this move may not happen.
In a bullish scenario, if the coin holds above current support and gets more attention on the exchange, the price could start recovering. But if volume remains low, the token could fall to $0.000600 or even $0.000450 once more.
If Binance or Bybit listings occur in the future, a dramatic reversal is possible for the altcoin. Launch on a top-tier exchange generally adds credibility, new customers, and increased volume. This can cause the token price to break to new all-time highs—perhaps even toward $1 over the long term. However, there is no official confirmation for Binance or Bybit listing.
The WEEX launch of the crypto on April 15 may provoke a mild price response, but sentiment in the market remains low because of its post-BitMart decline. The cryptocurrency community is observing whether the coin will recover. If larger exchanges like Binance or Bybit list CPEN sometime in the future, that will be a game-changer.
Also read: ARI Wallet Daily Quiz Answer 12 April 2025: Earn 10 CoinDeepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.