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Pepe, the Ethereum-based meme coin, rallies 87% to an all-time high after listing on Coinbase and Robinhood.
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Ethereum-based meme coin Pepe has listed on top centralized exchanges Coinbase and Robinhood, causing its price to rally by 87% today.
It’s trading at an all-time high of $0.00002381, but analysts predict much bigger gains await.
Pepe price surges to new ATH – less than $5.3B to flip SHIB
Coinbase and Robinhood both announced Pepe listings on Wednesday, causing the price to explode immediately.
Wen?
Now.
PEPE is available for trading.
— Coinbase 🛡️ (@coinbase) November 13, 2024
Coinbase also listed the Solana-based meme coin Dogwifhat, but the spotlight has been on Pepe. While Pepe is up 87%, WIF has jumped 40% in the same window.
Pepe has also showed strength against other new Robinhood listings. Alongside Pepe, the American stock and crypto trading platform listed Solana and Cardano, which have each pumped 8% today.
Clearly, all eyes are on Pepe right now. That’s also evident in its trading volume, which sits at a staggering $20.1 billion, making it the fifth most-traded cryptocurrency.
Moreover, it’s market cap looks well on the way to flipping Shiba Inu’s. Currently, Pepe is worth $10 billion – while SHIB is worth $15.3 billion.
We could well see a new second-in-command meme coin before the year ends.
Coinbase and Robinhood open Pepe to retail
The party doesn’t end with Pepe’s Coinbase and Robinhood listings. Rather, it’s just getting started.
These two platforms have a combined user base of approximately 130 million, many are retail users who do not have self-custodial wallets.
By listening on these platforms, Pepe has access to a huge pool of retail investors, who typically embrace meme coins and meme culture.
Analyst Res pointed to last cycle, where SHIB pumped 25% of the news of a Coinbase listing, but the logner term gains where much more substantial.
In the month that followed, SHIB soared from $4 billion market cap to a $40 billion market cap.
After @coinbase announced the listing of $SHIB, it pumped 25% on the news.
And it ended up doing a 10x from $4B to $40B.$PEPE going for the same playbook. Do not sell it soon. Top 2 🐸 pic.twitter.com/rNYBW2tl6R
— Res (@resdegen) November 13, 2024
Tier-1 exchanges have strategically positioned themselves at the heart of the meme coin narrative this week.
On Monday, Binance made headlines by listing Peanut the Squirrel and ACT I: The AI Propehcy, both of which soared over 10x in the following days.
Looking ahead, another meme coin called Pepe Unchained is preparing to launch on tier-1 exchanges.
Pepe Unchained will launch on exchanges in 29 days – next 10x meme coin?
Although it has yet to launch on the open market, Pepe Unchained is making a strong name for itself in the industry.
It’s undergoing a presale and has raised $29 million to build the world’s first Pepe-themed Ethereum layer 2 blockchain.
The project is set to launch on tier-1 exchanges in just 29 days. It remains to be seen whether this means Coinbase, Robinhood, Binance, Kraken, Crypto.com etc.
🐸HUGE ANNOUNCEMENT!🐸
In exactly 30 days, I repeat 30 DAYS! The presale for Pepe Unchained ends.
This is your LAST CHANCE to grab $PEPU before it hits Major exchanges!
Buy $PEPU in presale here: https://t.co/onpYoXlnyG pic.twitter.com/UtM95mrAvM
— Pepe Unchained (@pepe_unchained) November 13, 2024
Pepe Unchained separates itself from other meme coins by using Pepe’s viral brand allure and combining it with cutting edge utility.
Its layer 2 blockchain aims to be Ethereum’s home for meme coins with 100x faster speeds and much lower fees.
The blockchain will come with features like a meme coin generator, staking, a block explorer, a dedicated Ethereum bridge, and more.
It’s rare for a project to blend meme culture and blockchain innovation so well, and that’s why investors are pouring into the presale.
But it also helps that PEPU has had the nod of approval from top analysts. For instance, the Cryptonews YouTube channel speculates it could 10x in price.
However, the analyst underscores that PEPU will soon launch on exchanges.
This is when we could see a price increase akin to that of Pepe, Peanut the Squirrel or ACT I: The AI Propehcy.
For more information, visit the Pepe Unchained presale website.
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This article first appeared at crypto.news
