Popular memecoin Pepe (PEPE) has seen a notable increase in value, with its market cap surpassing $10.2 billion in a short period of time, up from around $5.7 billion a day ago.
Pepe Market Cap Surpasses $10 Billion with 77% Price Increase
This massive rally followed listings on multiple major exchanges, pushing its price up 77% in the last 24 hours to $0.000024. Pepe’s market cap currently stands at around $9.5 billion.
The price rally has been spurred by high-profile listings. Robinhood Crypto recently added Pepe alongside Solana, Cardano, and XRP for US customers.
The addition of these tokens comes as Robinhood reintroduced Solana, Cardano, and XRP after they were delisted due to regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC).
Another major exchange, Coinbase, also began trading for Pepe on Wednesday, while South Korea's largest exchange, Upbit, opened a Pepe trading pair today.
Upbit, which ranks fifth globally in terms of spot trading volume on CoinMarketCap, has processed over $10 billion in trading volume in the last 24 hours.
Min Jung, a research analyst at Presto Research, noted the significance of Pepe being listed on Robinhood and Coinbase, highlighting how these platforms have previously approached memecoins conservatively.
“Now, with easier access to these platforms, U.S. retail investors who were once limited to decentralized exchanges can interact more directly, potentially driving more momentum for PEPE among American investors,” Jung said.
*This is not investment advice.
