Coinbase has listed PEPE and Dogwifhat (WIF) due to community demand, making both tokens available for trading.
PEPE and WIF saw significant price gains, with PEPE rising by over 80% and WIF by 36% after Coinbase’s announcement.
Coinbase’s meme coin expansion reflects rising demand for popular tokens like PEPE and WIF, propelling market interest.
Cryptocurrency exchange Coinbase announced a notable expansion to its meme coin offerings by listing two highly anticipated tokens: Pepe (PEPE) and Dogwifhat (WIF). Both coins are now available on Coinbase's iOS and Android platforms, allowing users to buy, sell, convert, send, receive, or store these new additions on their accounts. This move aligns with Coinbase’s strategic response to growing user demand for popular meme coins, reinforcing the platform’s appeal to crypto enthusiasts.
https://twitter.com/CoinbaseAssets/status/1856812061873045697
High Demand Fuels PEPE's Introduction
Yesterday, Coinbase’s Chief Legal Officer, Paul Grewal, revealed the addition of PEPE to Coinbase’s lineup. Grewal emphasized the enthusiastic demand for this well-known meme coin, which has captivated investors worldwide. In a social media update, he noted, “You’ve long wanted the frog. Well, soon you’ll get the frog,” confirming PEPE’s listing on the Coinbase platform. His announcement was promptly followed by the coin’s addition, sparking high trading activity and attracting more investors to PEPE.
Coinbase further surprised the crypto market with the listing of another meme coin Dogwifhat (WIF), which is based on the Solana blockchain. This announcement was made shortly after the listing of PEPE, giving users a second meme coin option. According to Coinbase, users can access WIF through both iOS and Android apps. The listing of Dogwifhat not only diversifies Coinbase’s offerings but also demonstrates the exchange's commitment to accommodating the meme coin trend, which continues to gain significant traction.
Price Surges Reflect Market Excitement
Following their debut on Coinbase, both PEPE and Dogwifhat experienced substantial price increases. PEPE's price surged over 80% shortly after its listing, marking an impressive entrance to the Coinbase platform. Meanwhile, WIF also saw a notable increase, with its value rising by 36% within hours of its launch. At the time of reporting, PEPE has achieved a significant 78% price jump in 24 hours, positioning it as the 15th largest cryptocurrency by market capitalization at an estimated $8.93 billion.
