Coinbase and Robinhood have added support for Pepe on the Ethereum network, causing its price to rocket 77% in the past 24 hours.
The listings have led to a flood of big on-chain purchases, underscoring the expectations that they’ll be good for Pepe long-term.
Pepe Price Hits ATH After Exchange Listings
The recent Pepe listings have reminded us of the instrumental role that centralized exchanges (CEXs) continue to play – especially in bull markets.
Pepe is currently trading at its highest-ever price of $0.00002374 and has a market cap of just below $10 billion.
The frog-themed meme token has surged 77% today, as well as 125% this week and 1,955% this year.
Its trading volume has also experienced a huge run-up, jumping 197% in the past 24 hours to $19.8 billion. For reference, that makes it the fifth most-traded cryptocurrency.
Coinbase announced they’ll list Pepe on Wednesday, and it went live just a couple of hours later. The listing announcement cautioned that Pepe should only be sent via the Ethereum network.
Coinbase will add support for Pepe (PEPE) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
