Coinbase and Robinhood have added support for Pepe on the Ethereum network, causing its price to rocket 77% in the past 24 hours.
The listings have led to a flood of big on-chain purchases, underscoring the expectations that they’ll be good for Pepe long-term.
Pepe Price Hits ATH After Exchange Listings
The recent Pepe listings have reminded us of the instrumental role that centralized exchanges (CEXs) continue to play – especially in bull markets.
Pepe is currently trading at its highest-ever price of $0.00002374 and has a market cap of just below $10 billion.
The frog-themed meme token has surged 77% today, as well as 125% this week and 1,955% this year.
Its trading volume has also experienced a huge run-up, jumping 197% in the past 24 hours to $19.8 billion. For reference, that makes it the fifth most-traded cryptocurrency.
Coinbase announced they’ll list Pepe on Wednesday, and it went live just a couple of hours later. The listing announcement cautioned that Pepe should only be sent via the Ethereum network.
https://twitter.com/CoinbaseAssets/status/1856706113560838432
Robinhood, an American financial services platform that allows users to trade stocks and crypto, also listed Pepe on Wednesday. Moreover, they listed Cardano and Solana, although the impact on their prices has been less profound.
Whales Buy Pepe On-Chain
It seems smart money believes the Pepe price is going to keep going up.
Blockchain analyst OnchainLens spotlighted a whale who accumulated over $17 million worth of Pepe in a single hour, just one hour before press time.
Meanwhile, prominent trader Max Schwartzman underscored the potential longer-term impact of a Pepe Coinbase listing, noting that Shiba Inu exploded 864% in the month that followed its listing.
Friendly reminder of what happened to $SHIB when @coinbase listed it for trading….$PEPE is just getting started! https://t.co/dxHJFQARwN pic.twitter.com/Ldo49zCpMr
— Max (@MaxBecauseBTC) November 13, 2024
Coinbase reportedly boasts 105 million users, and Robinhood has 24 million. These new listings provide a gateway for retail investors to buy Pepe, which is expected to inject massive amounts of new liquidity in the coming weeks.
Centralized exchanges are preparing for the bull market by listing meme coins, which are typically favored among retail users.
And another meme coin that is set to launch on these big exchanges soon is Pepe Unchained.
New Meme Coin Pepe Unchained to List On Tier-1 Exchanges After $28M Presale
Pepe Unchained is one of the year’s hottest crypto projects and the biggest ever meme coin presale, having raised $28.8 million to build the world’s first Pepe-themed blockchain.
With such staggering funds raised, the blockchain is almost complete, and Pepe Unchained will be listed on exchanges soon. However, investors can still buy $PEPU at a fixed presale rate today.
The team has already revealed that $PEPU will list on tier-1 exchanges. Whether this is Coinbase, Robinhood, or others like Binance and Kraken remains to be seen.
https://twitter.com/pepe_unchained/status/1856661613618823349
Yet, one thing is for sure – this project is primed to grab a lot of attention.
While leveraging the viral branding and artwork of Pepe, Pepe Unchained’s Ethereum layer 2 blockchain provides a low-cost and fast alternative to the Ethereum main network.
It will also include features like a staking mechanism, a beginner-friendly meme coin launcher, a block explorer, a decentralized exchange, and more.
As you can probably guess, the chain is designed for meme coins and meme coin-related apps.
The meme coin sector is at an all-time high market cap of $125 billion today, so there’s no better time for $PEPU to launch.
Analysts expect big gains – renowned presale hunter Jacob Bury even says it can provide 100x returns.
He notes that it will likely rise alongside Pepe, except potentially with bigger swings.
However, there are just 29 days until it is listed on exchanges, so traders should act fast.
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