In what is another major move for the meme coin, Coinbase has officially listed the PEPE meme coin. Indeed, the cryptocurrency exchange has become the second platform to do so, following Robinhood’s listing announcement earlier today. The decisions have continued to propel the frog-theme meme coin’s price.
The listings continue to solidify a bullish outlook for the cryptocurrency. In a post to X (formerly Twitter), Coinbase’s Chief Legal Officer Paul Grewal announced that the meme coin will be added to the platform’s “Listing roadmap with the goal of listing later today.”
JUST IN: Coinbase officially lists $PEPE.
— Watcher.Guru (@WatcherGuru) November 13, 2024
Also Read: Coinbase to Delist Non-Compliant Stablecoins By The End of 2024
Coinbase Follows Robinhood, Announces Listing of PEPE Meme Coin
Since its arrival in 2023, there are few meme coins that have enjoyed a meteoric rise on par with Pepe. Indeed, the token has skyrocketed to become the third-largest meme coin by market cap in the crypto sector. Yet that position is poised to increase as the asset has benefitted from some increasingly bullish facets.
Specifically, Coinbase has announced that it is set to list the Pepe token. They aren’t the only ones, as they followed Robinhood’s announcement to do the same. The latter unveiled the listing alongside its decision to relist Solana (SOL), Cardano (ADA), and Ripple (XRP).
Also Read: Robinhood to Officially List PEPE Amid Batch of Relistings
As one can imagine, the announcement has been massive for its price performance. Over the last 24 hours, the token has increased more than 49.4%, according to CoinMarketCap. Additionally, it is up nearly 105% in the last seven days to trade at its current $0.000019 price point. The tokens’ upward trajectory doesn’t appear to be shifting any time soon.
The asset has seen its market cap increase more than 49% in the last day, reaching $8 billion. Moreover, there have been rumblings that it could potentially challenge Shiba Inu (SHIB) as the second-largest meme coin by market cap. In order to make that a reality, PEPE would need to reach a market value above $15 billion.
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