PEPE price jumps 50% after Coinbase says it will list the token
PEPE coin’s surge follows dual listing announcements from Coinbase and Robinhood, boosting its market cap past $8 billion.
Key Takeaways
- PEPE coin surged over 50% after Coinbase announced its listing.
- PEPE's listing on Coinbase and Robinhood is expected to boost its market visibility.
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PEPE coin surged more than 50% after Coinbase, the largest US crypto exchange, announced plans to list the meme-based digital asset on its platform.
Paul Grewal, Coinbase’s Chief Legal Officer, confirmed the listing on X, 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.”
The announcement came within an hour of rival platform Robinhood revealing its own plans to list PEPE, following more than 18 months of requests from PEPE supporters for a Coinbase listing.
PEPE coin’s surge past $0.000019 breaks its previous all-time high from May, when it reached $0.000016, pushing its market cap past $8 billion.
The token recorded a trading volume of $12 billion, ranking it among the top 6 crypto assets by trading volume.
The dual listings on major US trading platforms are expected to increase PEPE’s accessibility and visibility in the market. The token has already experienced significant price movement in response to the announcements.
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