Pepe the Frog Memecoin (PEPE) Surges After Getting Listed on Coinbase and Robinhood

PEPE is up by over 76% in the last 24 hours and has been rallying all week by more than 118%, as per data from CoinGecko.

After crypto exchange giant Coinbase and fintech leader Robinhood listed the token, the price of Pepe (PEPE), one of the most popular memecoins, has skyrocketed.

According to CoinGecko, PEPE's value increased by over 76% in the last 24 hours and has been rallying all week by more than 118%. Meanwhile, CoinMarketCap data shows a 279% surge in trading volume. The coin's market cap currently stands at over $9.5 billion.

Coinbase announced the listing on Wednesday, sparking wild and enthusiastic reactions from the crypto community, particularly from long-time PEPE users who have been pressuring the exchange to include the meme token.

Prominent crypto users participated in the PEPE hype, expressing their thoughts on the token's future now that it is available on both platforms.

Given how Coinbase and Robinbase announced the PEPE listing a week after Donald Trump was elected as the next U.S. president, Daniel Got Hits expressed "legit anger at how much every single think was held back because of the last woke government."

Well-followed Vegeta agrees with many other memecoin holders who think PEPE's market cap will only surge significantly after the big news.

Many crypto users noticed that PEPE's price surge is strikingly similar to the pattern observed when Shiba Inu (SHIB) was listed on Coinbase.

According to crypto executive David Gokhstein, PEPE's spike is "good for the entire meme ecosystem."

After both Coinbase and Robinhood listed the memecoin, many memecoin enthusiasts were eager to snap up PEPE.

While many memecoin holders were drawn to PEPE's surge story due to comparisons to SHIB, many others shared that they snapped up PEPE through Robinhood.