The market cap of meme coin Pepe briefly reached $10.2 billion, a significant increase from around $5.7 billion just a day earlier. This growth was fueled by Pepe trading pairs being listed on major exchanges. Currently, Pepe’s market cap stands at $9.5 billion.

Pepe Price Jumps 77%

The price of Pepe surged by 77% over the last 24 hours and is now trading at $0.000024, according to data from The Block. This price spike came after several major exchanges listed the meme coin.

Pepe Listed on Major Exchanges

Robinhood Crypto recently announced it added Pepe, Solana, Cardano, and XRP for its U.S. customers. This new Pepe listing on Robinhood coincides with the reintroduction of Solana, Cardano, and XRP, which were previously delisted following actions by the U.S. Securities and Exchange Commission (SEC) against certain centralized exchanges.

Coinbase began trading Pepe on Wednesday, while the South Korean exchange Upbit, the country’s largest crypto exchange and the fifth largest globally according to CoinMarketCap, also opened a Pepe trading pair today. Over the last 24 hours, Upbit has processed trading volumes exceeding $10 billion.

New Opportunities for U.S. Investors

Min Jung, an analyst at Presto Research, told The Block that the listing of Pepe on Coinbase and Robinhood is “significant,” as these exchanges had previously been cautious about listing meme coins. Jung adds, “With access to these platforms, U.S. retail investors, who were previously limited to decentralized exchanges, can now more easily invest in Pepe, potentially increasing interest in the token.”

Other Meme Coins Show Gains

The GMCI Meme Index climbed 10.2% in the last 24 hours to reach 510.59 points. While Dogecoin experienced a slight drop of 1.6%, Shiba Inu posted a gain of 0.59%.

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