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Pepe Coin Hits New All-Time High, Surges 50% to $8B Market Cap After Coinbase and Robinhood Listings

Nov 13, 2024, 02:13 PM

Pepe Coin ($PEPE), a memecoin based on the popular internet meme character Pepe the Frog, has surged in value by 50% after being listed on both Robinhood and Coinbase on the same day. The coin's market capitalization soared to an all-time high of over $8 billion, surpassing established cryptocurrencies like Litecoin ($LTC) and Aptos ($APT) to become one of the top 20 cryptocurrencies by market cap. Notably, $PEPE's daily trading volume exceeded 120% of its market cap, reflecting significant investor interest and activity. The listings have propelled $PEPE to new heights, highlighting the growing influence of memecoins in the cryptocurrency market.