Robinhood and Coinbase, two major platforms in the United States, announced last night (13th) that they would list the meme currency PEPE, instantly igniting a frenzy in the cryptocurrency community and inspiring the price of PEPE to skyrocket by nearly 80%, hitting a record high of US$0.00002457. The market value of the currency exceeded US$10 billion.
According to CoinGecko market data, PEPE is currently trading at $0.00002438, an increase of 79.1% in the past 24 hours, a single-week increase of more than 130%, and a market value of $10.2 billion, making it the 17th largest cryptocurrency.
Launched in April last year, PEPE is a meme coin themed after the classic internet meme picture Pepe the Frog. According to the official website, PEPE has no intrinsic value and no formal team or roadmap. It is a cryptocurrency "for entertainment only". However, it has been highly sought after by the market since its launch and has now become the successor to Dogecoin (DOGE). , Shiba Inu Coin (SHIB), and BONK, it is the fourth meme coin to be listed on Coinbase.
Generally speaking, in the past, all cryptocurrencies listed on Coinbase would soar in a short period of time, so it was called the "Coinbase effect." The reason is that the exchange has a strict review process for token listings, so it is often interpreted by the market as a token. A symbol of currency security and legality being recognized.
Nowadays, Coinbase and Robinhood are both listed on the two major US trading platforms. In addition to reflecting the continued rise of the meme currency craze and the strong market demand for meme coins, it is also expected to help improve PEPE’s market visibility and liquidity, providing PEPE with It will lay the foundation for large-scale adoption by retail investors in the future.
Blockchain reminds readers that meme coins are highly speculative and volatile, and the risks should be carefully assessed before investing.
Calling Pepe a "hate symbol" resulted in a boycott! Coinbase apologizes
"Robinhood and Coinbase announced their listing! The meme currency PEPE soared and its market value exceeded US$10 billion." This article was first published on (Block Guest).
