Coinspeaker
13 November 2024
1 0

PEPE Price Surges 52% Following Listings on Robinhood and Coinbase

Meme coin PEPE has increased by 52% in two hours following listing announcements from top platforms Robinhood and Coinbase. The PEPE price reached an all-time high of $0.00001932, with a market cap exceeding $8 billion and daily trading volumes increasing 25% to $8.54 billion.

This surge has placed PEPE among the top 20 cryptocurrencies by market cap. Robinhood Crypto announced the addition of PEPE along with other cryptocurrencies such as Solana, Cardano, and XRP to its US trading platform. Johann Kerbrat, VP and GM of Robinhood Crypto, stated:

“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. With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”

This announcement triggered a rally in the meme coin sector. Other notable meme coins also experienced gains: Dogecoin rose 13%, bringing its weekly gains to over 112%; Shiba Inu increased by 7.3%; and both dogwifhat and Bonk gained over 25% in just hours.

PEPE Receives Double Bonus with Coinbase Listing

Coinbase also announced plans to list PEPE, providing additional momentum to the price rally. Initially, Coinbase indicated it would add PEPE to its roadmap for experimental listings. Later, Coinbase CLO Paul Grewal confirmed the listing plans, stating:

“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.”

Following this news, PEPE surpassed previous highs from May 2024 and entered a new discovery zone, indicating potential for further price increases. Analysts remain optimistic about PEPE, predicting a possible 10x surge.