Coinbase and Robinhood List Pepe Coin, Sparking 47% Surge

Pepe Coin (PEPE) Surges After Listings on Coinbase and Robinhood

On November 15, 2024, Coinbase confirmed the listing of Pepe Coin (PEPE) following significant demand from enthusiasts. Robinhood also announced the listing of PEPE, giving the token access to a wider user base.

Price Surge and Market Impact

The listing announcements ignited a substantial price surge for Pepe Coin, with its value rising by 47.8% within an hour. This pushed its market capitalization over $8 billion, ranking it among the top ten cryptocurrencies by market cap.

The Global Memecoin Index (GMCI) also surged by 15% after the Pepe Coin listings, indicating a broader rally in the memecoin market. Other popular memecoins, such as DOGE and SHIB, also experienced price gains.

Mainstream Adoption of Memecoins

The listings of Pepe Coin on major platforms reflect the growing influence of memecoins and the responsiveness of exchanges to community demand. Despite their speculative nature, memecoins have gained popularity and are now attracting attention from mainstream institutions.

Robinhood Reintroduces Delisted Assets

In addition to listing PEPE, Robinhood also reintroduced support for Solana, Cardano, and XRP, which it had previously delisted in 2023 due to regulatory concerns. This move underscores Robinhood's renewed approach towards handling regulatory requirements while expanding its asset portfolio.

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