In what’s one other main transfer for the meme coin, Coinbase has formally listed the PEPE meme coin. Indeed, the cryptocurrency exchange has grow to be the second platform to take action, following Robinhood’s itemizing announcement earlier at this time. The selections have continued to propel the frog-theme meme coin’s worth.
The listings proceed to solidify a bullish outlook for the cryptocurrency. In a publish to X (previously Twitter), Coinbase’s Chief Legal Officer Paul Grewal introduced that the meme coin will likely be added to the platform’s “Listing roadmap with the goal of listing later today.”
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Coinbase Follows Robinhood, Announces Listing of PEPE Meme Coin
Since its arrival in 2023, there are few meme cash which have loved a meteoric rise on par with Pepe. Indeed, the token has skyrocketed to grow to be the third-largest meme coin by market cap within the crypto sector. Yet that place is poised to extend because the asset has benefitted from some more and more bullish sides.
Specifically, Coinbase has introduced that it’s set to record the Pepe token. They aren’t the one ones, as they adopted Robinhood’s announcement to do the identical. The latter unveiled the itemizing alongside its choice to relist Solana (SOL), Cardano (ADA), and Ripple (XRP).
As one can think about, the announcement has been large for its worth efficiency. Over the final 24 hours, the token has elevated greater than 49.4%, in keeping with CoinMarketCap. Additionally, it’s up practically 105% within the final seven days to commerce at its present $0.000019 worth level. The tokens’ upward trajectory doesn’t look like shifting any time quickly.
The asset has seen its market cap improve greater than 49% within the final day, reaching $8 billion. Moreover, there have been rumblings that it might probably problem Shiba Inu (SHIB) because the second-largest meme coin by market cap. In order to make {that a} actuality, PEPE would want to achieve a market worth above $15 billion.
