In a surprise move this morning, crypto trading platform Robinhood announced that it will add $PEPE to its list of tradeable tokens.
Almost immediately afterwards, Coinbase followed suit, marking the first time the largest US crypto exchange has listed a major meme coin since 2021.
The news sent shockwaves through the meme coin community and launched the price of $PEPE more than 60% within a few hours. The token is now priced at $0.00002203, a new all-time high, and is experiencing more than $12 billion in trading volume.
The new $PEPE token listings are a major milestone on the road to a meme coin supercycle. They mark the first time that $PEPE will be tradeable on major US exchanges.
Traders and analysts think $PEPE’s upward move could still have a lot of momentum left. In addition, the listing is expected to boost the entire meme coin market. As analyst Giba Machado put it in a tweet, “RAISE ALL your targets.
The move comes just a week after Donald Trump won the US presidential election, setting the stage for a much more crypto-friendly administration.
Trump said on the campaign trail that he plans to remove SEC Chair Gary Gensler upon taking office—something that meme coin traders and the crypto industry at large have long been asking for.
In fact, it’s likely that anticipation of Gensler’s removal is what enabled the $PEPE listings. Both Robinhood and Coinbase have been sued by the SEC for listing tokens that have been labeled securities.
Gensler’s dismissal could see these lawsuits dropped and empower US exchanges to list a much wider range of tokens, including meme coins. Notably, Robinhood also listed $SOL, $XRP, and $ADA alongside $PEPE.
The listings are also a way for Robinhood and Coinbase to join in on the massive trading activity taking place across the crypto market right now. Over the past week, Bitcoin jumped 23% to a new all-time high and Dogecoin rocketed more than 100%.
$PEPE’s appearance on major exchanges is another signal that the much-rumored meme coin supercycle is on the way.
As meme coin trading becomes easier, the number of investors holding these tokens can grow and “joke” projects can deliver value by leveraging massive decentralized communities.
The loosening of restrictions on token listings at major exchanges like Coinbase is especially good news for up-and-coming meme coin project Pepe Unchained.
This Pepe-themed meme coin is nearing the finale of a historic ICO, having raised more than $28 million in its presale. The team behind Pepe Unchained announced that the presale will close in just 30 days.
Pepe Unchained is building an Ethereum Layer-2 network dedicated to meme coin development and trading, with lower fees and faster transaction speeds than existing blockchains.
It looks likely to be a major success in the meme coin supercycle as new tokens launch and go viral on the Pepe Unchained network.
Early investors stand to benefit from this through the $PEPU token, which is required to pay for all transaction fees on the new blockchain.
Analysts have been backing $PEPU since the presale opened, and calls to get in on this project before it’s too late have only grown more urgent in recent days.
While the presale remains open, early investors can buy $PEPU tokens at a fixed price of $0.01279 and stake their tokens to earn 87% APY.
It looks increasingly likely that $PEPU could launch on Tier-1 exchanges and earn a swell of support from US traders. So, don’t miss this opportunity to join the Pepe Unchained presale before it’s too late.
Visit Pepe Unchained Presale
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