Ethereum-Based Meme Coin, Pepe, Surges 87% to All-Time High Following Coinbase and Robinhood Listings

Table of Contents

• Pepe Price Spikes to New ATH - Less than $5.3B Shy of Surpassing SHIB
• Coinbase and Robinhood Offer Pepe to Retail Investors
• Pepe Unchained to Launch on Exchanges in 29 Days - Potential 10x Meme Coin?

Ethereum-based meme coin Pepe has been listed on major centralized exchanges Coinbase and Robinhood, driving its price up by 87% today. It is currently trading at an all-time high of $0.00002381, and analysts have predicted even more significant gains in the future.

Pepe Price Reaches New ATH, Close to Overtaking SHIB

Coinbase and Robinhood both announced Pepe listings on Wednesday, triggering an immediate price surge.

Despite the spotlight on Pepe, Solana-based meme coin Dogwifhat has also seen a 40% increase during the same period.

Pepe's strength has been evident against other recently listed coins on Robinhood. Alongside Pepe, the platform listed Solana and Cardano, which have each seen a modest 8% rise today.

Pepe's exceptional performance is reflected in its trading volume, which stands at a remarkable $20.1 billion, making it the fifth most-traded cryptocurrency.

Moreover, its market capitalization is rapidly approaching that of Shiba Inu. Pepe's current market cap is $10 billion, while SHIB's stands at $15.3 billion.

Coinbase and Robinhood Open Pepe to Retail Investors

The Coinbase and Robinhood listings are only the beginning for Pepe. These platforms have a combined user base of approximately 130 million, primarily retail investors.

By being listed on these platforms, Pepe gains access to a vast pool of retail investors who are often receptive to meme coins and culture.

Analyst Res pointed to last year's SHIB cycle, where its Coinbase listing prompted a 25% pump, followed by more substantial long-term gains.

Tier-1 exchanges have strategically positioned themselves within the meme coin narrative. Over the past week, Binance listed Peanut the Squirrel and ACT I: The AI Prophecy, both of which have experienced significant growth.

Pepe Unchained to Launch on Exchanges in 29 Days

Prior to its official launch in the open market, Pepe Unchained has garnered significant attention.

It has raised $29 million in a presale to establish the world's first Pepe-themed Ethereum layer 2 blockchain.

The project is expected to launch on tier-1 exchanges within 29 days. It is unclear whether this includes Coinbase, Robinhood, Binance, Kraken, or Crypto.com.

Pepe Unchained Differentiates Itself

Pepe Unchained stands out from other meme coins by combining Pepe's viral appeal with innovative utility.

Its layer 2 blockchain aims to become the dedicated home for meme coins on Ethereum, offering 100x faster speeds and significantly lower fees.

The blockchain will include features such as a meme coin generator, staking, a block explorer, an Ethereum bridge, and more.

This unique blend of meme culture and blockchain innovation has attracted significant investor interest in the presale.