Coinbase Adds Support for Pepe Coin on Ethereum Network

Coinbase Adds Pepe (PEPE) to Ethereum Network

Coinbase has announced the addition of Pepe (PEPE) to its Ethereum network, marking a significant milestone for the popular memecoin.

The listing follows the platform's cautionary advice to users, warning against sending PEPE over other networks due to the risk of lost funds.

Trading is expected to commence on or after 11:30 AM ET, subject to sufficient liquidity. The rollout will begin with the PEPE-USD trading pair, gradually expanding the token's availability on Coinbase.

The announcement has sparked an immediate increase in PEPE's value, with a surge of over 49% shortly after the news was released. At the time of writing, the PEPE token has reached a price of $0.0000188.

This listing represents a major step forward for PEPE, transitioning from smaller exchanges to a globally recognized platform that attracts both retail and institutional investors.

However, Coinbase emphasizes that PEPE support may be limited in certain jurisdictions due to regulatory constraints, reinforcing the importance of adhering to network restrictions.

The increased visibility on Coinbase has stimulated trading activity for Pepe Coin, with its 24-hour volume rising by 28% to $8.75 billion. The listing not only enhances liquidity but also grants Pepe a level of legitimacy, as analysts observe its ability to maintain its momentum amidst market fluctuations.