Memecoin PEPE is up 50% Over the Last 24 Hours; Here is Why and What You Can Expect in the Short Term

• Coinbase and Robinhood list PEPE, pushing the meme coin’s price up by 49%.
• PEPE’s market cap has reached $8 billion, marking significant growth in recent days.
• The token could challenge Shiba Inu as the second-largest meme coin by market cap.

Coinbase has announced the listing of the popular meme coin PEPE, following a similar move by Robinhood earlier in the day. This development has given the frog-themed cryptocurrency a major boost, with its price increasing by 49% in the past 24 hours. The token has reached a price of $0.000019, marking a 105% gain over the past week.

Growing Support for PEPE Coin

Coinbase’s Chief Legal Officer, Paul Grewal, shared the news on social media platform X (formerly Twitter), confirming PEPE’s addition to the exchange’s listing roadmap. Robinhood also included PEPE in its lineup alongside Solana (SOL), Cardano (ADA), and Ripple (XRP). These listings have strengthened the token’s upward trend, signaling increased interest from prominent trading platforms.

Since launching in 2023, PEPE has quickly climbed the ranks, positioning itself as the third-largest meme coin by market cap. The recent surge has brought PEPE’s market value to $8 billion, sparking speculation about its potential to surpass Shiba Inu (SHIB) as the second-largest meme coin. Reaching this milestone would require PEPE to exceed a $15 billion market cap.

Source: Paul Grewal

Market Outlook for PEPE

PEPE’s listing on Coinbase and Robinhood underscores the growing influence of meme coins within the crypto industry, as established exchanges increasingly support these assets. With its rapid ascent, PEPE is capturing attention in the market, and analysts are watching to see if the coin can sustain its current momentum and reach new valuation milestones.