Coinbase has announced that it is expanding its portfolio of meme coins. In the last 24 hours, the platform has seen the likes of Pepe (PEPE) and Dogwifhat (WIF)$WIF
Two new meme coins named have started trading.
Coinbase Chief Legal Officer Paul Grewal, in a statement on social media platform X, said that PEPE$PEPE
announced the start of the listing process. “You’ve been wanting the frog for a long time. Now you’ll get that frog soon. Coinbase is adding PEPE to our listing roadmap and our goal is to list it later today,” Grewal tweeted.
This development comes after Coinbase decided to list Dogwifhat (WIF), a dog-themed meme coin based on Solana. Currently, Dogwifhat is available to trade on Coinbase’s iOS and Android apps, where users can buy, sell, convert, send, receive, and store the coin.
According to Santiment data, meme coins have provided significant returns to investors in recent weeks. Coins such as DOGE, PEPE, WIF and BONK were among the top earners among investors.
Following their Coinbase listings, PEPE and WIF have seen significant price increases. PEPE has surged 78% since its launch on the platform, reaching all-time highs, and is currently trading at $0.00002122, making it the 15th largest cryptocurrency with a market cap of $8.93 billion. Dogwifhat, on the other hand, is in 26th place with a market cap of $4 billion, and has increased 32% in the last 24 hours to $4.01. These developments are considered part of Coinbase’s efforts to meet the interest in meme coins and diversify its cryptocurrency offerings on the platform.