PEPE Rallies: Examining the Factors Behind Its 50% Surge

The third-largest meme coin, PEPE, has witnessed a dramatic surge in value, rising by 50% in the past 24 hours and over 100% in the last week. This remarkable performance has been fueled by its recent listings on major global exchanges, fueling investor optimism.

PEPE's momentum mirrors a renewed bullish sentiment in the meme coin segment, following notable gains by DOGE and SHIB. The coin has soared 52% in a day, surpassing its previous all-time high and reaching $0.00002.

Listings on platforms such as Robinhood and Coinbase have played a significant role in PEPE's ascent. Robinhood's inclusion of PEPE alongside SOL, XRP, and ADA has provided a significant boost. Coinbase's Chief Legal Officer, Paul Grewal, has confirmed the exchange's intent to list PEPE imminently.

Beyond exchange activities, the overall market has experienced a bullish momentum with Bitcoin reaching a new all-time high above $93,000. This broader uptrend has propelled altcoins, including meme coins, into the spotlight. Top 100 cryptocurrencies such as DOGE, WIF, BONK, FLOKI, POPCAT, and BRETT have posted double-digit gains, while PNUT has experienced a triple-digit increase.

Current market conditions suggest investor interest in the volatile meme coin sector, driven by the potential for rapid profits. However, caution is advised as these tokens are known for their inherent volatility and can fluctuate drastically.