- Pepe’s market cap briefly hit $10.2 billion before settling at $9.5 billion after multiple new exchange listings boosted liquidity.
- Pepe’s price jumped 77% to $0.000024 following listings on Robinhood, Coinbase, and Upbit, drawing U.S. retail investors.
- Major platforms now offer Pepe, increasing access and credibility as U.S. investors engage more directly with the meme coin.
Pepe, the popular meme coin, has captured the spotlight once again, surging to a brief market capitalization high of $10.2 billion. This sharp rise followed multiple listings on major exchanges, signaling a fresh wave of interest and liquidity for the token. As of now, the meme coin’s market cap has settled slightly, hovering around $9.5 billion. In just one day, its value jumped from $5.7 billion, a remarkable leap in the volatile landscape of meme coins.
In the last 24 hours, Pepe’s price has surged by 77%, trading at $0.000024. This impressive rally aligns with announcements from several high-profile exchanges. Robinhood Crypto recently expanded its offerings to U.S. customers by listing Pepe, Solana, Cardano, and XRP, adding a major access point for American retail investors.
This move comes on the heels of Robinhood’s decision to reintroduce Solana, Cardano, and XRP, which it had delisted earlier after the SEC targeted centralized exchanges over unregistered securities concerns. Coinbase also stepped in, enabling Pepe trading on Wednesday, while Upbit, South Korea’s leading exchange, opened a Pepe trading pair today. Ranked as the fifth top spot exchange on CoinMarketCap, Upbit processed over $10 billion in trade volume in the past day, underscoring the increasing demand for meme coin trades.
The influx of exchange listings provides a significant credibility boost for Pepe, especially as exchanges like Coinbase and Robinhood had historically been cautious about meme coins. Min Jung, a research analyst at Presto Research, noted that “the listings on major platforms mean U.S. retail investors now have direct access to Pepe, bypassing the limitations of decentralized exchanges.”
With this new availability, analysts expect increased momentum from American investors, potentially pushing the meme coin further up the meme coin ladder. This shift reflects a broader trend as more investors explore the speculative opportunities within digital assets like the frog-themed meme coin.
Pepe’s Meme Index and Market Context
The GMCI Meme Index, which tracks the performance of meme coins, climbed by 10.2% to 510.59 over the past day. Meanwhile, Dogecoin, the original meme coin, edged down by 1.6%, and Shiba Inu managed a modest 0.59% gain. This divergence indicates that investors are actively diversifying within the meme coin space.
Valentin Fournier, an analyst at BRN, shared insights on the current meme coin craze, saying, “We believe the euphoria and meme coin pump could extend as bitcoin remains in a strong rally, while the political narrative around digital assets continues to broaden.”
The meme coin’s market cap recently soared to an impressive $10.2 billion before stabilizing at $9.5 billion. Over the past day, the meme coin’s price surged 77%, reaching $0.000024. Recent listings on major platforms like Robinhood, Coinbase, and Upbit have also expanded access, providing more opportunities for retail investors to engage with Pepe directly.
As the frog-themed meme coin gains ground, the meme coin phenomenon continues to attract both risk-taking investors and skeptics. For now, the ease of access and renewed interest suggest Pepe could continue its upward trajectory—at least for the short term.
