PEPE Coin Debuts on Coinbase and Robinhood, Electrifying the Market and Sending Its Price Soaring by 48%

PEPE Coin's simultaneous listings on Coinbase and Robinhood have electrified its market position, boosting its price by nearly 48% and pushing the market cap over $8 billion.

Coinbase and Robinhood Both Announce Pepe Coin (PEPE) Listings

After months of anticipation, the major cryptocurrency exchange Coinbase has finally announced that it will be listing the meme cryptocurrency Pepe Coin (PEPE).

This news comes as a surprise, as Coinbase has typically been hesitant to list meme cryptocurrencies. However, PEPE's massive popularity and community seems to have convinced the exchange.

"You've been begging for the frog for a long time. Well, you're about to get the frog," Coinbase Chief Legal Officer Paul Grewal said in a post on X.

Interestingly, the announcement of PEPE's listing on Robinhood, another major U.S. brokerage platform, came within an hour of the Coinbase announcement.

Robinhood quietly updated its cryptocurrency listing page to include PEPE, without any fanfare or official announcement. However, the listing is now visible on the platform.

Coinbase finally caved in to the pressure and agreed to list the "frog" cryptocurrency after PEPE fans filed requests for more than 18 months. However, they waited until their main competition announced a similar move.

PEPE's Price Surges After Major Exchange Listings

The price of the popular meme cryptocurrency skyrocketed by 47.8% in just one hour, likely due to the impact of these highly anticipated announcements, U.Today reports.

The meme cryptocurrency is currently trading at around $0.000019 per PEPE, with a trading volume of $8.55 billion and a market capitalization of $8.09 billion. Incredibly, PEPE is now among the top nine assets in the cryptocurrency market.

It's worth noting that half of the meme coin's price has already been realized, so it's unclear how the long-awaited listing on Coinbase will affect the future direction of the PEPE price.

However, listing the "frog" on the largest cryptocurrency exchange in the U.S. will undoubtedly ensure broad distribution, popularity and attention.