- PEPE Coin Soars 52% in Hours Following Listings on Robinhood and Coinbase
The popular meme coin PEPE has taken the crypto world by storm, surging 52% within just two hours after major listing announcements by two prominent trading platforms, Robinhood and Coinbase. At press time, PEPE is trading at a new all-time high of $0.00001932, with its market capitalization exceeding $8 billion. Daily trading volumes have also surged by 25%, reaching $8.54 billion, underscoring the explosive investor interest in PEPE.
This rally has elevated PEPE to the ranks of the top 20 cryptocurrencies by market cap, marking a significant milestone for the meme coin community. Earlier today, Robinhood Crypto revealed plans to list PEPE alongside other prominent assets like Solana (SOL), Cardano (ADA), and XRP on its U.S. platform. In an official statement, Johann Kerbrat, VP and General Manager of Robinhood Crypto, emphasized the platform’s commitment to expanding its crypto offerings.
“We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering,” he said, adding that crypto provides financial opportunities for those historically left behind by traditional systems.
PEPE’s explosive rally has set off a ripple effect across the meme coin sector, lifting other notable tokens. Dogecoin (DOGE) climbed 13%, contributing to a weekly gain of over 112%, while Shiba Inu (SHIB) rose by 7.3%. Lesser-known meme coins like Dogwifhat (WIF) and Bonk (BONK) also saw impressive gains of over 25% within hours of the announcement, riding the wave of enthusiasm generated by PEPE’s listings.
Also Read: Pepe Coin (PEPE) Eyes 200% Surge As Bullish Indicators and Whale Activity Spark Excitement
Double Boost: Coinbase Adds PEPE
In addition to Robinhood, cryptocurrency exchange giant Coinbase also announced it would list PEPE, further fueling the rally. Coinbase had previously added PEPE to its experimental roadmap, a preliminary step before full listing. The confirmation came from Coinbase CLO Paul Grewal, who acknowledged the overwhelming demand for the “frog” and assured its addition to the platform. “You’ve long wanted the frog. Well, soon you’ll get the frog,” he stated, confirming that PEPE would officially be listed later in the day.
With these developments, PEPE has broken through its previous highs set in May 2024, entering a new price discovery phase that could pave the way for additional gains. Crypto analysts are optimistic, projecting that PEPE could witness a further tenfold increase as excitement builds around its accessibility on mainstream platforms. The dual listings on Robinhood and Coinbase have not only enhanced PEPE’s visibility but also underscored a growing acceptance of meme coins within the wider crypto ecosystem.
As PEPE enters uncharted territory, the meme coin market is riding high on newfound investor enthusiasm. With the support of two major platforms, PEPE’s ascent highlights a broader trend of institutional interest in meme assets, which could signal further integration of this niche market into the mainstream crypto landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
