In a massive development for the meme coin community, $PEPE has just been listed on Robinhood and Coinbase announced that it plans to list the token today.
The news that $PEPE, already the 3rd-largest meme coin by market cap, will list on two of the biggest US crypto trading platforms came as a surprise to meme coin traders. The token is up more than 50% in the past 2 hours as a result and just set a new all-time high of $0.00001944.
We’ll take a look at what the listings could mean for $PEPE and another red-hot Pepe-themed meme coin, Pepe Unchained.
$PEPE Listings Add Fuel To Meme Coin Fire, Point to Continued Momentum
Robinhood’s announcement that the exchange would list $PEPE—alongside other fast-growing tokens like $SOL, $XRP, and $ADA—came as a surprise to the crypto community and quickly kicked off a rush of trading activity.
GM. Solana ($SOL), Pepe ($PEPE), XRP ($XRP), and Cardano ($ADA) are now available to trade on Robinhood.https://t.co/CBj6uKDkAZ pic.twitter.com/48wXE9zs8V
— Robinhood (@RobinhoodApp) November 13, 2024
The token not only rocketed to a new all-time high, but saw its trading volume explode to nearly $10 billion.
It also started a chain reaction: shortly after Robinhood’s announcement, Coinbase declared that it too will list $PEPE later today. Coinbase is the largest crypto exchange in the US and the 3rd-largest exchange worldwide, so a listing there is expected to send $PEPE even higher.
The listings come in the wake of Donald Trump’s election as the next US president. Trump has promised to remove SEC Chair Gary Gensler, who has repeatedly sued US exchanges for listing speculative tokens like $PEPE.
Robinhood could also be reacting to the explosive moves in the meme coin sector over the past week, hoping to grab a bigger slice of the action. Since the election, $DOGE is up roughly 120% and $SHIB is up 46%. Trading volume in meme coins is expected to remain elevated well into 2025 as the long-awaited meme coin supercycle gets underway.
Analysts are still catching up with what the latest developments mean for $PEPE’s price forecast, but all early predictions are bullish. Technical analysis shows that the announcement helped the token break out of a falling wedge pattern, pushing it into a new high-momentum formation.
Amm...so yeah, about that Technical Analysis and Patterns don't work thing, $PEPE has a message for you fellas.
— MisterSpread (@MisterSpread) November 13, 2024
Imagine not being in ParadigmShift👀 https://t.co/fgi5RpwEbR pic.twitter.com/cyxVht4L4i
So, while $PEPE appears to have stabilized temporarily around $0.000020, it’s likely that the token is just going through a short consolidation period before making another move higher.
Pepe Unchained Raises $28 Million in Explosive Presale as Analysts Eye Major Listings
The new $PEPE listings are also driving a push into Pepe Unchained, another Pepe-themed meme coin that’s preparing to wrap up its presale just 30 days from now.
🐸HUGE ANNOUNCEMENT!🐸
— Pepe Unchained (@pepe_unchained) November 13, 2024
In exactly 30 days, I repeat 30 DAYS! The presale for Pepe Unchained ends.
This is your LAST CHANCE to grab $PEPU before it hits Major exchanges!
Buy $PEPU in presale here: https://t.co/onpYoXlnyG pic.twitter.com/UtM95mrAvM
The new project has raised more than $28 million, making it one of the most successful meme coin ICOs of all time. Pepe Unchained is building an Ethereum Layer-2 network specifically focused on developing and trading meme coins—and it looks to be perfectly timed to coincide with the next meme coin season.
The new $PEPU token will be at the heart of the network as a required currency to pay for transaction fees. So, as the center of gravity of meme coin trading shifts from Ethereum and Solana to Pepe Unchained, the value of this meme and utility token could skyrocket.
In fact, meme coin analysts like ClayBro have already predicted that $PEPU could soar higher after launch. The new $PEPE listings further suggest that Pepe Unchained could vie for Tier-1 exchange listings on Coinbase, Binance, and other major platforms.
With the Pepe meme in the spotlight and just 30 days remaining before launch, Pepe Unchained could see fireworks ahead. Meme coin investors won’t want to miss this chance to lock in $PEPU at a discounted price before it starts trading.