The listing of $PEPE on major US exchanges Coinbase and Robinhood marks a pivotal moment for the meme coin market, with the token experiencing a 60% surge in value and becoming the third-largest meme coin by market cap.
$PEPE's addition to these high-profile platforms has brought significant trading volume, reaching an all-time high of $0.00002203 and surpassing $12 billion in trading. This move signals broader acceptance of meme coins on mainstream platforms, potentially ushering in what analysts predict could be a "meme coin supercycle."
The listing of $PEPE on Coinbase and Robinhood is crucial since the last time Coinbase, the largest crypto exchange in the USA, including a popular meme coin, was in 2021. When Robinhood, at the same time, decides to list $PEPE in parallel with $SOL, $XRP, and $ADA for trading, it means that meme coins are slowly gaining acceptance in the mainstream trading of cryptocurrencies.
This decision has been met with enthusiasm in the meme coin community, with increased trading activity leading to $PEPE hitting new highs. Analysts suggest the listings could energize the broader meme coin market by creating new interest and higher volumes across platforms.
$PEPE's performance follows a favourable market climate, with recent increases in Bitcoin and Dogecoin prices. The token's appearance on these platforms and heightened interest have encouraged speculation of continued growth as investors anticipate higher volumes and more exchange listings. Notably, the timing coincides with the election of a new administration in the US, which some believe could lead to regulatory adjustments benefiting the broader crypto market.
In another development within the meme coin sector, Pepe Unchained, a Pepe-themed token, is approaching the conclusion of its highly successful presale. The project has raised over $28 million, underscoring strong interest in the meme coin space. Pepe Unchained aims to create an Ethereum Layer-2 network focused on meme coin transactions, featuring lower fees and faster processing times than existing blockchains. Investors in $PEPU, the network's native token, are poised to benefit from exclusive access to transaction fee payments on this platform.
The launch of Pepe Unchained comes amid predictions of a meme coin season, with Pepe Unchained likely to attract attention as the following potential listing on high-profile exchanges. The project's robust presale and strategic alignment with current market trends highlight its readiness to capture meme coin investors' interest as meme coins continue to trend upward.
The meme coin market is reviving, which has become apparent due to the popularity of $PEPE and Pepe Unchained. New listings of meme coins at Coinbase and Robinhood have revived interest in meme coins, indicating they may have a future in the overall trading market.
As Pepe Unchained aims to simplify meme coin trading, market participants are eyeing its potential to become a significant platform within the meme coin sector.