PEPE price soars 50% as Coinbase, Robinhood listings boost market cap over $8B
PEPE price soars 50% as Coinbase, Robinhood listings boost market cap over $8B
In a dramatic boost to its market presence, the PEPE meme coin surged over 50% after leading cryptocurrency exchanges Coinbase and Robinhood announced plans to list the digital asset on their platforms. The listings are seen as a significant step toward mainstream adoption for PEPE, a meme-based cryptocurrency inspired by the internet frog character. PEPE’s rapid price increase follows prolonged anticipation from its community, who had advocated for Coinbase’s support for over 18 months.
Coinbase’s Chief Legal Officer Paul Grewal confirmed the listing in a statement, noting, “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.”
Major market Impact with listings and trading volume
Within an hour, Robinhood, a popular platform among retail investors, also revealed its intention to list PEPE, sparking further momentum.
Following the announcements, PEPE’s market cap broke through the $8 billion threshold, while the token’s price hit a new high of $0.000019, surpassing its previous peak of $0.000016 from May. PEPE’s 24-hour trading volume also climbed to $12 billion, positioning it among the top six cryptocurrencies in terms of trading activity.
The dual listing of PEPE on major U.S. trading platforms is expected to enhance its visibility and accessibility, opening the door to a broader investor base. With PEPE’s market impact becoming increasingly apparent, analysts are watching to see if its current momentum will be sustained or if the token’s value will stabilize following this spike. The continued listing of meme-based cryptocurrencies on major exchanges underscores a growing trend of interest in digital assets beyond traditional financial metrics, driven largely by community demand and social media influence.
Also, today the market cap of the meme coin PNUT exceeded $1.5 billion following its listing on Binance.
