The memecoin supercycle continues and memes of all sizes are seeing strong growth after Coinbase announced it would list PEPE and Dogwifhat (WIF).
PEPE surges as much as 69% and WIF surges 40% after Coinbase, the third-largest centralized exchange by market share, announced the listing of PEPE with a simple frog emoji on social media and then four hours later posted a post asking: “What rhymes with frog?”
The announcement comes as memecoin PNUT continues to surge in price, fueled by Elon Musk’s tweet that, “America was saved by a squirrel and a meme coin!” The PNUT token is now up 1000% over the past seven days after being listed on Binance earlier this week.
Other big memes, such as POPCAT, are emerging as traders try to front-run the next potential token coming to Coinbase.
“Coinbase has been refusing to list memes with no utility since 2022… Today’s announcement removes the limit on all memes,” said a trader named Chumbawumba.