Pepe Coin (PEPE) Price Surges 85% to All Time High Following Coinbase & Robinhood Listings

TLDR:

• PEPE surged 85% in 24 hours, reaching $0.00002375 after Coinbase and Robinhood listings
• Token broke into crypto top 20 with market cap briefly exceeding $10 billion
• Trading volume exploded to $20.19 billion, up 207.81%
• Outperformed Dogecoin with 131% weekly gains vs DOGE’s 104%
• Achieved new all-time high of $0.00002299

Pepe Coin (PEPE) experienced a price increase of 85% within 24 hours, reaching $0.00002375. This movement followed announcements from both Coinbase and Robinhood regarding their decisions to list the popular meme token.

The token’s market capitalization briefly surpassed $10 billion during the rally, marking a stunning achievement for a cryptocurrency that launched just last year. Trading volume experienced an unprecedented spike, reaching $20.19 billion in a single 24-hour period, representing a 207.81% increase from previous levels.

Pepe
PEPE Price

Coinbase initiated support for PEPE on November 13, introducing the PEPE-USD trading pair. The platform emphasized the importance of users conducting transactions exclusively through the Ethereum network to prevent potential losses, as PEPE operates as an ERC-20 asset.

Robinhood’s listing announcement came alongside the reintroduction of several other cryptocurrencies to their platform, including Solana, XRP, and Cardano. Johann Kerbrat, Robinhood’s crypto general manager, highlighted the extensive work involved in adding these tokens, emphasizing their value to both the company and the broader crypto community.

Friendly reminder of what happened to $SHIB when @coinbase listed it for trading….$PEPE is just getting started! https://t.co/dxHJFQARwN pic.twitter.com/Ldo49zCpMr

— Max (@MaxBecauseBTC) November 13, 2024

The dual listing sparked immediate market reaction, with PEPE’s price jumping over 49% shortly after the news broke. This surge demonstrated strong market interest and contributed to the token’s eventual rise to a new all-time high of $0.00002299.

PEPE’s performance has notably outpaced other established meme coins, including Dogecoin. While DOGE recorded impressive weekly gains of 104%, PEPE surged approximately 131% over the same period, establishing itself as a leading performer in the meme coin category.

The token’s trading volume has shown remarkable parity with larger cryptocurrencies, with PEPE recording $24 billion in trading volume within hours of the listing announcements, compared to Dogecoin’s $28 billion over a full day.

Paul Grewal, Coinbase’s Chief Legal Officer, acknowledged the strong user demand for PEPE in a social media post, stating, “You’ve long wanted the frog. Well, soon you’ll get the frog.” This response came after nearly 18 months of community requests for the token’s inclusion on the platform.

The achievement of breaking into the top 20 cryptocurrencies by market capitalization represents a milestone for PEPE, which launched in April 2023. The token, based on Matt Furie’s 2005 “Pepe the Frog” internet meme, has built a substantial community despite its relatively recent entry into the crypto market.

Market analysts have begun projecting future possibilities for the token, with some suggesting potential for additional growth. Daan de Rover, founder of CryptoSea, suggested on social media that PEPE could experience another 900% increase in value.

The broader meme coin market has shown continued vitality, with new entries challenging established players. Binance’s recent listing of Solana-based meme coins ACT and PNUT, which saw gains of up to 1,300%, demonstrates the ongoing market appetite for these assets.

Trading data indicates sustained momentum, with PEPE maintaining strong volume across multiple exchanges. The token’s presence on major U.S.-based trading platforms has provided increased accessibility to retail investors.

The market response has remained notably robust, with trading activity spread across various global exchanges. This widespread participation has contributed to the token’s price stability following its initial surge.

Both Coinbase and Robinhood have implemented standard trading procedures for PEPE, including standard market protections and trading pairs. These measures aim to ensure orderly trading as the token experiences increased attention and volume.

The most recent data shows PEPE maintaining its position among the top cryptocurrencies, with active trading continuing across all major platforms where it is listed.

The post Pepe Coin (PEPE) Price Surges 85% to All Time High Following Coinbase & Robinhood Listings appeared first on Blockonomi.