Pepe Market Cap Tops $10 Billion on 77% Price Surge

Memecoin Pepe (PEPE) has seen a remarkable surge in value, with its market capitalization eclipsing $10.2 billion in a matter of days, rising from approximately $5.7 billion.

Major Exchange Listings Drive Rally

Pepe's impressive rally has been fueled by listings on several prominent exchanges. Robinhood Crypto recently added Pepe alongside Solana, Cardano, and XRP, making them accessible to U.S. customers.

Coinbase and Upbit Join the Roster

Coinbase, another major exchange, commenced trading for Pepe on Wednesday. Additionally, Upbit, South Korea's largest exchange, launched a Pepe trading pair today. Upbit's significant trading volume of over $10 billion in the past 24 hours underscores the growing interest in Pepe.

Analysts Attribute Surge to High-Profile Listings

Analysts have attributed Pepe's price rally to its listings on Robinhood and Coinbase. These platforms have historically taken a conservative approach toward memecoins.

"Easier access on these platforms allows U.S. retail investors to interact more directly with PEPE," notes Min Jung, a research analyst at Presto Research. "This could potentially drive further momentum among American investors."

Disclaimer: This information does not constitute investment advice.