Coinbase and Robinhood Listings Propel PEPE Meme Coin to New Heights with 49% Surge
In a significant development for meme coins, Coinbase has officially listed the PEPE token, following a similar announcement from Robinhood earlier today. The listings on these two major cryptocurrency platforms have sent PEPE’s price soaring, reinforcing a bullish trend for this frog-themed digital asset. Coinbase’s Chief Legal Officer, Paul Grewal, shared the update on X (formerly known as Twitter), confirming PEPE’s inclusion on the platform’s “Listing roadmap.”
Since its launch in 2023, PEPE has rapidly become one of the most popular meme coins, now ranking as the third-largest in the meme coin sector by market capitalization. This rank could climb even higher, as the recent listings on both Coinbase and Robinhood have sparked considerable upward momentum for the token. Robinhood’s announcement of PEPE’s listing was accompanied by the relisting of top cryptocurrencies like Solana (SOL), Cardano (ADA), and Ripple (XRP), further elevating PEPE’s profile within the market.
The effect of these high-profile listings on PEPE’s price action has been remarkable. Within the past 24 hours, PEPE surged by more than 49%, reaching a price of $0.00002 and achieving a 115% increase over the past week. This impressive growth has pushed PEPE’s market cap to over $8 billion, sparking discussions among investors and analysts about its potential to rival Shiba Inu (SHIB) as the second-largest meme coin. To surpass SHIB, PEPE would need to attain a market cap of over $15 billion—a goal that now appears more within reach as the token continues its meteoric rise in popularity and valuation.
With momentum building, PEPE’s performance has positioned it as a major contender in the meme coin arena, capturing attention from both crypto enthusiasts and investors alike.