The PEPE memecoin, a green frog token inspired by the infamous internet meme, has shot up over 40% in a day. This surge comes on the heels of announcements from both Coinbase and Robinhood, which revealed their plans to list PEPE for U.S. users. PEPE’s price has since climbed rapidly, as traders react to the listings on these major platforms, fueling fresh hype for this unique memecoin.
PEPE’s Rapid Price Surge: Listings and Trump’s Win Fuel Hype
On November 13, Paul Grewal, Coinbase’s lead lawyer, confirmed PEPE’s addition to the platform. He posted a cheeky announcement on X, stating: “You wanted the frog. Well, the frog is coming.” This statement, steeped in meme culture, drew immediate reactions from the community. Grewal confirmed PEPE’s listing is aimed for today, which has undoubtedly amplified market interest.
Simultaneously, Robinhood also added PEPE, alongside XRP, Solana (SOL), and Cardano (ADA). Interestingly, Solana and Cardano had been removed by Robinhood in 2023 following SEC lawsuits naming them as securities. But with PEPE, it’s all memes and momentum, as Robinhood’s latest additions seek to revive activity among retail traders.
Notably, PEPE has seen staggering growth since its April 2023 launch on Ethereum, with its value climbing by more than 900% after debuting on Uniswap. This rapid ascent is fueled by nostalgia for the meme’s place in internet culture, as well as hints of political alignment. PEPE memes have often referenced Donald Trump, and his recent win in the U.S. presidential election has sparked additional attention, boosting the coin’s popularity.
Dogecoin vs. PEPE: Memecoin Battle Intensifies
PEPE, now one of the top three memecoins in terms of market cap, stands just behind the established giants Dogecoin (DOGE) and Shiba Inu (SHIB). With a market cap pushing past $7.9 billion, PEPE is inching ever closer to these top-tier meme assets. DOGE, which has seen a 12% price jump over the past 24 hours and an impressive 114% rise this past month, is supported by none other than Elon Musk, the Twitter (X) chief and close Trump ally.
PEPE’s team, from the start, positioned it as the “most meme-worthy” of all memecoins, claiming on their site, “Dogs had their time, now it’s PEPE’s turn to seize power.” With a community built around the meme’s iconic status and fueled by fresh listings on mainstream platforms, PEPE’s developers are eyeing continued growth, pushing for its place in the memecoin hierarchy.
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