Pepe Coin hits $10B market cap, enters top 15 cryptocurrencies after Coinbase listing.
Upbit to list Pepe Coin today, with restrictions to stabilize trading in the early hours.
Pepe Coin’s trading volume jumps 194%, fueled by recent listings and investor demand.
Pepe Coin has surged to a new high, reaching a market cap of over $10 billion. This rally places Pepe among the top 15 cryptocurrencies by market cap, surpassing SUI. The coin’s listing on Coinbase on November 13 and its expected listing on South Korea’s Upbit exchange on November 14 have fueled the price jump. Pepe enthusiasts and the broader crypto community are watching for potential further gains.
Pepe Coin’s price hit an all-time high of $0.00002524 as it entered the top 15 list. Its listing on Coinbase played a key role in this rapid rise. With Coinbase’s large user base, Pepe gained more visibility and liquidity, drawing in new investors. This listing has spurred significant interest and excitement among meme coin fans, particularly those who follow Pepe closely.
Today, Upbit, South Korea’s largest exchange, will add Pepe Coin to its KRW trading pairs. The listing is set to begin at 11:30 AM local time. Upbit has set certain restrictions for the new listing. For the first five minutes, buy orders will be limited, and sell orders priced below 10% of the previous day’s close will also face restrictions. Additionally, only limit orders will be allowed for the first hour. These measures aim to stabilize trading and prevent extreme price volatility during the initial launch.
Pepe’s rise comes amid its competition in a crowded meme coin market dominated by dog-themed coins. Pepe, which uses a frog meme as its symbol, went live on the Ethereum network in April 2023. The coin hopes to target the meme coin market with an emphasis on the community aspect and the represented frog icon. Despite Pepe being devoid of any real-world utility, the asset’s surrounding ecosystem is expanding. This expansion is also aiding Pepe in finding its footing in the niche market of meme coins.
The trading volume for Pepe has also seen a dramatic increase. In the past 24 hours, Pepe recorded a volume of $19.57 billion, marking a 194.28% jump. Such intense trading activity signifies the need for Pepe, especially after its exchange listings. The coin has a fully diluted market cap of $9.90B which shows that investors believe in the ability of the coin to grow.
An increase in acceptance by major crypto exchanges will lead to improved traffic on Pepe. The following listing on Upbit will help it to expand in the global market. As more platforms integrate with Pepe, it continues to expand its trading potential to other market regions, and these new markets attract different investors.
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