PEPE Hits All-Time High Following Listing On Coinbase And Robinhood. Is Meme Coin Season On The Cards?

The price of the popular meme coin Pepe (PEPE) has hit a new all-time high of $0.00001979 after it was listed on U.S-based crypto trading platforms Robinhood and Coinbase. 

The market capitalization of the world’s third-largest meme coin soared by over 50% on Wednesday, surpassing the $8.2 billion mark before experiencing a marginal pullback. News of the listing came as a surprise to meme coin traders, with market experts now calling on investors to raise their price target as it has added fuel to the ongoing bull market euphoria.

PEPE Set Record Highs After Coinbase And Robinhood Listing  

PEPE is now one of the rare few meme coins to be listed on two of the world’s largest cryptocurrency exchanges – Binance and Coinbase. Robinhood’s announcement that it would list PEPE kicked off a rush in trading activity, resulting in its trading volume exploding to nearly $10 billion. 

The Robinhood listing could be a milestone for Pepe because the platform also relisted Solana (SOL), Ripple (XRP), and Cardano (ADA), which are coins that were de-listed during the crypto bear market in 2022. 

Not long after Robinhood’s announcement, Coinbase declared that it too would be listing PEPE the same day. Coinbase is the largest crypto trading platform in the United States, so a listing is guaranteed to propel PEPE to new heights. 

Prominent traders were already highly bullish on the meme coin market as a result of Donald Trump’s victory in the election and his association with Elon Musk, the godfather of the leading meme token Dogecoin (DOGE). 

The previous day, Trump announced that the Tesla CEO, alongside former presidential candidate and biotech entrepreneur Vivek Ramaswamy, will lead the Department of Government Efficiency, or D.O.G.E. to oversee government expenditure.

The name suggested by Musk has invited high demand for DOGE and diverted investor interest into meme coins. 

D.O.G.E will function as an independent commission working with the Office of Management and Budget (OMB) to cut at least $2 trillion in US government spending in two years by restructuring federal agencies, reducing wasteful spending, and slashing unnecessary regulations. 

Pepe’s listing is a key event because the US Securities and Exchange Commission (SEC), under the leadership of Gary Gensler, repeatedly sued exchanges for supporting meme coins like PEPE. Trump has promised to fire Gensler and appoint an SEC commissioner who will enact friendlier policies for the crypto industry. This speculation has led to explosive growth in the meme coin market. 

Crypto Market Is Preparing For A Meme Coin Season

Robinhood and Coinbase may also be reacting to high-octane moves in the meme coin sector since Trump was declared President-elect. Following the election, DOGE is up roughly 120%, while Shiba Inu (SHIB) is up by 46%. Experts say that the trading volume of meme coins is expected to remain high going into 2025 as the long-awaited meme coin supercycle gets underway. 

Technical analysis shows that the exchange listings have helped PEPE break out of its falling widget pattern, which pushed it towards a new high-momentum formation. While the PEPE price appears to have stabilized around the $0.000020 level, it is likely to make another move higher once the current short consolidation period comes to an end. 

Pepe Unchained (PEPU) Presale Raises $28 Million. Exchange Listing Expected Soon

The PEPE listing is also driving interest in other Pepe-themed coins. Pepe Unchained (PEPU), a token that is currently under presale has raised more than $28 million in pre-sale, making it one of the most successful meme coin Initial Coin Offerings (ICO) of all time. 

Pepe Unchained is building an Ethereum-based Layer-2 network focused on developing and trading meme coins, where PEPU will function as the utility currency. The project appears to be perfectly timed to coincide with the upcoming meme coin season.

Popular meme coin analyst ClayBro has already predicted that PEPU price could soar once it’s launched. The exchange listing of PEPE suggests that Pepe Unchained could be in line for trade on top-tier trading platforms like Coinbase and Binance. 

Meanwhile, crypto whales are busy stacking PEPU, which is still in its presale phase with 30 days remaining before launch. One whale purchased $50,000 worth of PEPU to add to their Pepe Unchained portfolio, which is now valued at over $320,000.  

Crypto enthusiast wouldn’t want to miss the chance to get their hands on PEPU at a discounted price before it officially begins trading. 

At the time of writing, PEPE is trading at $0.00002109 – up 58.2% in the last 24 hours. 

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