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Cryptocurrency News Articles

Pepe the Frog Meme Coin Rallies 25% as Coinbase and Robinhood Listings Invigorate Bullish Sentiment

Nov 27, 2024 at 10:06 pm

Recent listings on Coinbase and Robinhood have invigorated bullish sentiment about Pepe, with traders calling for new all-time highs to come soon.

Pepe the Frog Meme Coin Rallies 25% as Coinbase and Robinhood Listings Invigorate Bullish Sentiment

Recent listings on Coinbase and Robinhood have sparked bullish sentiment for Pepe, with traders anticipating new all-time highs.

Trader MaxBecauseBTC highlighted Pepe's potential in the meme coin space, predicting it will join Dogecoin and Shiba Inu as multi-billion-dollar assets.

suggesting that while most meme coins will quickly fizzle out, Pepe’s enduring appeal may establish it as a key player in the market.

Max points to a potential "flight to quality" among investors, moving away from weaker meme coins toward those with stronger speculative value. This shift, he suggests, could lead to a rapid repricing of high-potential assets like Pepe.

Meanwhile, trader Dami-Defi predicted a "massive breakout" for Pepe in the near future, further cementing its position among top-tier meme coins.

Smart money is accumulating $PEPE!

Massive breakout coming soon ✍️

Pepe to the moon! 🚀🐸

$PEPE price is set to rally massively as it continues to cement its position among the top meme coins.

According to IntoTheBlock data, large transaction volume increased by 187.3% over the last 24 hours, while daily active addresses decreased by 7.2%.

Transactions greater than $100,000 remained relatively flat at 446.

Moreover, the虧損出場 holder line suggests that around 86% of Pepe holders are currently making a profit.

Community members expressed excitement over the recent listings, anticipating a positive impact on Pepe's price and visibility.

In mid-November, Coinbase listed Pepe on its exchange, making it accessible to a vast pool of cryptocurrency traders.

Furthermore, Robinhood announced the listing of Pepe on its platform, expanding its reach to a broader U.S. audience.

Pepe's listing on Robinhood is a significant development, considering the platform's popularity among retail investors in the United States.

This listing could amplify Pepe's price action and further propel it toward new highs.

After a stellar rally of over 3,400% year-to-date, Pepe's recent listings on Coinbase and Robinhood could pave the way for continued bullish momentum.

Traders are keeping a close watch on the meme coin's price action, anticipating a potential "flight to quality" among investors.

News source:www.benzinga.com

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