Pepe Coin (PEPE) Surged by 42% on Nov. 13, Following Its Listings on Coinbase and Robinhood U.S.

The listings coincided with market excitement tied to Donald Trump's victory in the U.S. presidential election, which bolstered pro-crypto sentiment.

Pepe Coin (PEPE) Surges 42% After Coinbase, Robinhood Listings

Pepe Coin (PEPE) price surged by 42% on Nov. 13 after crypto exchange Coinbase and trading platform Robinhood announced its listings. The move comes a day after both platforms announced the relisting of Cardano (ADA), Solana (SOL), and XRP.

Coinbase began teasing the listing on Nov. 12, with Chief Legal Officer Paul Grewal posting a cryptic message on Twitter. “You’ve wanted the frog for a long time. Well, you’re about to get the frog.”

The message sparked speculation among the crypto community, with many guessing that Coinbase would be listing Pepe Coin. The rumors were confirmed when Coinbase listed PEPE for spot trading on its platform.

PEPE Enthusiasts Celebrate Coinbase Listing

Pepe Coin enthusiasts have been calling for a Coinbase listing for over a year, with a petition on Change.org garnering over 100,000 signatures. The listing is expected to provide a major boost to PEPE’s price and liquidity.

The simultaneous announcements by Coinbase and Robinhood appear to have fueled a sharp rally, with PEPE’s price soaring to a new all-time high of $0.000019. Data from CoinMarketCap showed PEPE’s market capitalization surpassing $8 billion, with a trading volume exceeding $8.55 billion. The token has now entered the top nine cryptocurrencies by market cap.

Pepe Coin is a decentralized cryptocurrency that features the popular Pepe the Frog meme. The token was created in August 2020 by an anonymous developer and has since gained a large following online.

PEPE’s price has surged by over 4,000% since the beginning of 2023, fueled by enthusiasm for meme coins and the broader cryptocurrency bull market. The token’s rally has outpaced that of major cryptocurrencies like Bitcoin (BTC) and Ether (ETH).

Trump’s Victory Sparks Meme Coin Buying Frenzy

The election of Donald Trump to the U.S. presidency has brought optimism to the cryptocurrency market. His promises to reduce regulatory hurdles, including his intent to fire SEC Chair Gary Gensler, have boosted investor confidence.

Trump also unveiled Elon Musk as a member of his Department of Government Efficiency, a move that excited the Dogecoin (DOGE) community.

The broader crypto market rallied to over $3 trillion in market cap, driven by increased optimism about the regulatory outlook. Meme coins, including PEPE and DOGE, saw aggressive buying pressure, with traders speculating on further bullish momentum.