- Pepe Coin (PEPE), the popular frog-themed meme cryptocurrency, has been listed on the Coinbase exchange.
- The recent listings of PEPE Coin on Coinbase and Robinhood have sparked a surge in its price, pushing it to a new all-time high.
PEPE coin, the frog-themed coin has just made an important leap after Coinbase, a remote-based crypto exchange listed the token. The move comes hot on the heels of Robinhood’s decision to list the meme coin for its U.S. customers. This move combined with the current bullish sentiment has ignited heightened speculations that the two factors could trigger the token attaining a new all-time high for PEPE.
Coinbase’s Chief Legal Officer, Paul Grewal teased the PEPE community via tweet on the x platform revealing that the coin would be added to the exchanges roadmap to go live today. The PEPE community has adamantly requested the crypto exchange to list the meme coin. Consequently, Coinbase also teased the listing with a cryptic frog emoji on their X account, generating excitement among meme coin enthusiasts.
You've long wanted the frog. Well, soon you'll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.
— paulgrewal.eth (@iampaulgrewal) November 13, 2024
It is worth noting that Coinbase also announced on Nov. 13 that it had added Dogwifhat to its listing roadmap. The announcement saw the price of the Solana meme coin spike similarly to WIF’s price.
Gm indeed. We've now added WIF to the roadmap with the goal of listing later today on @coinbase. Thank you. https://t.co/VGJQHKsF4f
— paulgrewal.eth (@iampaulgrewal) November 13, 2024
This announcement follows a similar one from Robinhood, which also made PEPE Coin available for trading for its U.S. customers. The timing of these listings is crucial, as both exchanges are among the most popular platforms for retail investors, especially those involved in the meme coin market. Notably, Coinbase’s listing makes PEPE the fourth meme coin to be listed on the exchange after giants like Dogecoin, Shiba Inu, and BONK.
The combined effect of Coinbase and Robinhood listing PEPE has been nothing short of spectacular for the meme coin. Following the news, PEPE surged to a new all-time high of $0.00001944, pushing its market cap to a staggering $8 billion. The coin has seen an almost 50% increase in its value in just one day, further cementing its position in the top 20 cryptocurrencies by market capitalization.
Taking note of PEPE’s price trajectory, Crypto Rover took to the X platform acclaiming that this may just be the beginning of PEPE’s rally. Additionally, ROver predicted that the coin could still experience a 10 times increase from its current level, suggesting that the PEPE price breakout has only just begun.
The $PEPE breakout starts now.
I still think it can easily 10x from here… pic.twitter.com/TjBwkqUa6u
— Crypto Rover (@rovercrc) November 13, 2024
His analysis points to a broader trend in meme coins, particularly during what is being described as a “meme supercycle” in the market
The recent surge in PEPE’s value has drawn comparisons to the explosive growth of Shiba Inu after it was listed on Coinbase in 2021. As crypto guru Res pointed out, SHIB’s market cap skyrocketed from $4 billion to $40 billion following the listing. Given the similar hype surrounding PEPE.
Meanwhile, PEPE is swapping wallets with $0.00002281 marking a 74.26% surge in the past 24 hours. Looking on a broader scale, the frog-themed memecoin has undergone a115.12% surge in the past month. Additionally, its market cap has seen a 74.75% surge stopping at 9.62 Billion.