Coinbase Lists PEPE Coin, Fueling the Meme Token’s Meteoric Rise

In a notable move for meme coins, Coinbase has officially added the PEPE token to its platform, hot on the heels of Robinhood’s similar announcement earlier in the day. The listing on these prominent exchanges has triggered a strong surge in PEPE’s price, reinforcing a bullish momentum for the frog-themed cryptocurrency. Coinbase’s Chief Legal Officer, Paul Grewal, shared the news on X (formerly Twitter), indicating PEPE’s imminent availability on the platform’s “Listing roadmap.”

Since its introduction in 2023, PEPE has become one of the fastest-rising meme coins, now ranking as the third-largest by market cap in the sector. This position, however, may be temporary as the recent listings on Coinbase and Robinhood are driving the token’s rapid ascent. Robinhood, for its part, announced PEPE’s listing alongside the relisting of other major assets like Solana (SOL), Cardano (ADA), and Ripple (XRP).

The impact of these listings has been unmistakable on PEPE’s price action. Within 24 hours, PEPE surged over 49%, reaching a current price of $0.00002, with a staggering 115% increase over the past week. This growth trajectory has propelled PEPE’s market cap to over $8 billion, sparking discussions about its potential to rival Shiba Inu (SHIB) as the second-largest meme coin. For PEPE to dethrone SHIB, it would need to reach a market cap exceeding $15 billion—a target that seems more attainable than ever as the meme coin continues its unprecedented rise.