Pepe (PEPE) Token Price Skyrockets 85% After Coinbase Listing: What You Need to Know

Pepe (PEPE), the popular memecoin, recently surged nearly 85% in price following its Coinbase listing announcement. Discover why this meme token is on the rise, how it reached a market cap of $9.92 billion, and what this means for investors.

Pepe (PEPE) Memecoin Price Hits New High Following Coinbase Listing Announcement

In the world of cryptocurrency, Pepe (PEPE) has become the latest memecoin to capture investor attention. Within just 24 hours, PEPE surged nearly 85% in value, reaching a price of $0.00002375. This sudden spike has catapulted Pepe’s market capitalization to $9.92 billion, highlighting its rising popularity. Additionally, trading volume skyrocketed to an impressive $20.3 billion—a remarkable 215% increase—indicating strong demand for this token.

What Triggered the Pepe Price Rally?

The catalyst behind Pepe’s impressive rally was Coinbase’s recent announcement on November 13 that it would support the PEPE token on its platform as an ERC-20 asset on the Ethereum network. Coinbase is one of the most widely-used cryptocurrency exchanges, and this listing offers greater accessibility and legitimacy to the Pepe token.

The trading launch, which began with the PEPE-USD trading pair, took place at 11:30 AM ET following sufficient liquidity. This listing marks a major milestone for Pepe, as Coinbase’s platform provides the memecoin with significantly increased exposure to potential investors and a more user-friendly way to trade.

Why Exchange Listings Boost Memecoin Value

For those new to memecoins like Pepe, major exchange listings can significantly boost a token’s value by increasing both its visibility and ease of access. In this case, Coinbase’s listing served as a vote of confidence, helping propel the token’s price by over 49% within hours of the announcement.

Key Takeaway for Investors: Follow Network Guidelines

Coinbase has issued a crucial advisory for investors to only send PEPE tokens via the Ethereum network. Ignoring this guideline could result in losses, so it’s essential for investors to take note. As with any memecoin, understanding the network specifics is essential to safeguard investments, particularly when dealing with exchanges like Coinbase.

The Future of Pepe (PEPE) in the Memecoin Market

The rapid 85% price increase in just one day showcases how impactful a major exchange listing can be for digital assets. For Pepe, this listing has opened doors to a wider investor audience and further entrenched its position in the competitive memecoin market, alongside well-known tokens like Dogecoin and Shiba Inu. The increased visibility provided by Coinbase could potentially sustain PEPE’s growth as it gains traction among a more mainstream audience.

The memecoin market remains volatile, and while this surge is impressive, investors should carefully monitor PEPE’s price movements. As the token’s popularity rises, the long-term outlook will depend on both sustained market interest and the Pepe community's ability to adapt to evolving crypto trends.

Conclusion: Will Pepe’s Growth Continue?

With Coinbase’s endorsement, Pepe (PEPE) has undeniably gained momentum, reaching new heights in price and trading volume. Investors and crypto enthusiasts alike will be watching closely to see if this memecoin can maintain its upward trend. Whether you’re an experienced crypto trader or new to the world of digital assets, PEPE’s rise highlights the impact of exchange listings and the potential for growth in the memecoin sector.

Keywords:

Pepe (PEPE) token

Pepe memecoin surge

Coinbase listing announcement

PEPE price increase

ERC-20 token on Ethereum

Cryptocurrency exchange listing

Memecoin market trends