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Robinhood and Coinbase have added $PEPE to their listings, marking a pivotal moment for the meme coin market.
Author: Tanishq Bodh
Written On: Thu, 14 Nov 2024 12:20:16 GMT
In an unexpected move, Robinhood, the popular crypto trading platform, announced the addition of $PEPE to its list of tradeable tokens today, followed closely by Coinbase, marking a significant first in the meme coin market since 2021. These listings represent the first time $PEPE will be accessible on major US exchanges, potentially setting the stage for a meme coin resurgence.
Analysts believe $PEPE could still have upward momentum, with the listing expected to buoy the entire meme coin sector.
This announcement arrives just a week after Donald Trump’s US presidential election victory, promising a more favorable regulatory climate for crypto. Trump has stated that he intends to replace SEC Chair Gary Gensler, a move anticipated by many in the industry. Gensler’s removal could open doors for US exchanges to list a broader array of tokens, including more meme coins.
Robinhood’s latest listings also included $SOL, $XRP, and $ADA alongside $PEPE, fueling speculation that the meme coin market may be on the verge of a new surge. Since the announcement, $PEPE has surged by 60% in the past 24 hours, signaling strong interest from traders and adding momentum to what some are calling the next meme coin supercycle.
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