The remarkable growth of PEPE, now the third-largest meme coin, has sparked market excitement with a 50% increase within 24 hours and over 100% over the past week. The main driving force behind this surge comes from PEPE’s recent listings on major global exchanges like Robinhood and Coinbase, two influential platforms that have bolstered investor confidence.
Following the successes of popular meme coins such as DOGE and SHIB, PEPE has swiftly secured its place, reaching an all-time high price of $0.00002. Notably, Robinhood’s addition of PEPE to its trading options, alongside SOL, XRP, and ADA, has provided a significant boost. Adding to this optimism, Coinbase—the largest U.S. exchange—has hinted at a possible listing of PEPE, further fueling investor enthusiasm for this meme coin’s potential growth.
Beyond exchange support, the broader cryptocurrency market has also been in a "green" phase, with Bitcoin surpassing the $90,000 mark and sparking strong growth among various altcoins. This trend has placed meme coins like DOGE, WIF, BONK, FLOKI, and others back in the spotlight. Many of these coins have seen double-digit gains, with PNUT even experiencing an extraordinary three-digit surge.
Investors are increasingly directing funds into meme coins, drawn by the potential for rapid profits. However, the high volatility of these tokens means caution is necessary, as steep declines can occur just as swiftly. Amid this landscape, PEPE is emerging as an exciting yet risky new "hot trend."
