Pepe’s market capitalization briefly reached $10.2 billion, up from around $5.7 billion a day ago, with major exchanges recently listing Pepe trading pairs. Its market cap currently stands at $9.5 billion.
The memecoin’s price jumped 77% in the past 24 hours to change hands at $0.000024 at the time of writing, according to The Block’s price page.
The price increase came as several major exchanges began listing the memecoin. Robinhood Crypto said yesterday that it listed Pepe, Solana, Cardano and XRP for U.S. customers. Robinhood’s listing of Pepe comes amidst the platform’s relisting of Solana, Cardano and XRP, which were previously discontinued after the U.S. Securities and Exchange Commission targeted various centralized exchanges with charges of offering unregistered securities.
Coinbase started to allow Pepe trading on Wednesday. Upbit, the largest cryptocurrency exchange in South Korea, also opened the Pepe trading pair today. The Korean exchange is ranked fifth on CoinMarketCap’s top spot exchanges. In the past 24 hours, Upbit processed over $10 billion in trade volume.
Min Jung, research analyst of Presto Research, told The Block that the listings of Pepe on Coinbase and Robinhood are "notable" as both exchanges "had previously been conservative about listing memecoins."
"Now, with easier access on these platforms, U.S. retail investors — who were once limited to decentralized exchanges — can engage more directly, potentially driving further momentum for PEPE among American investors," Jung said.
The GMCI Meme index climbed 10.2% to 510.59 in the past 24 hours. Dogecoin edged down 1.6%, while Shiba Inu added 0.59%.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
