Pepe has just witnessed an impressive price increase, soaring 77% in just 24 hours after being listed on two major trading platforms, Coinbase and Robinhood.
This is a major turning point for this meme coin, as the above platforms support Pepe trading through the Ethereum network, triggering a series of large buy transactions and strengthening expectations about its long-term growth potential.
Pepe price sets a new high after the boost from the trading platforms
The listing of Pepe has once again confirmed the indispensable role of centralized exchanges (CEXs) in driving the market, especially during growth phases. Currently, Pepe is trading at a new high of $0.00002374, with a market capitalization nearing the $10 billion mark.
This meme token inspired by the famous frog has recorded an impressive 77% increase just today, 125% in the past week, and has reached 1,955% since the beginning of the year.
Pepe's trading volume also exploded, increasing by 197% in the last 24 hours, reaching $19.8 billion. With this figure, Pepe is now the fifth most traded cryptocurrency in the market, an impressive position.
Coinbase announced the listing of Pepe on Wednesday and quickly activated trading just a few hours later. However, the platform also noted that Pepe only supports trading through the Ethereum network, to ensure user safety.
Not to be outdone, Robinhood - the leading financial platform in the US that allows trading of stocks and cryptocurrencies - also added Pepe to its trading list on the same day. In addition, Robinhood also listed Cardano and Solana, but these coins did not experience the same strong price breakout as Pepe.
Whales continue to hunt Pepe On-Chain
The large influx of capital from institutional investors shows a strong belief that Pepe still has significant room for growth. According to analysis by OnchainLens, a whale has accumulated over $17 million worth of Pepe in just one hour, right before the listing news was announced.
Veteran trader Max Schwartzman has emphasized the long-term potential of Pepe's listing on Coinbase, pointing out that Shiba Inu once surged 864% in just one month after a similar move.
With 105 million users on Coinbase and 24 million users from Robinhood, these listings not only open up easier investment opportunities for retail traders but are also expected to inject a massive amount of liquidity into the market in the coming period.
As the market gradually heats up, centralized exchanges (CEXs) are quickly seizing opportunities by adding meme coins - assets that are always favored by the retail investment community - in order to ride the wave of strong growth.
New meme coin - Pepe Unchained set to list after $30 million presale
Pepe Unchained is the focus of the crypto community this year, registering as the largest meme coin presale of all time with a staggering $30 million in capital raised. This fund will be used to build the world's first blockchain inspired by Pepe.
With exceptional development progress, the project is about to be completed and prepare for listing on major exchanges. However, investors still have the opportunity to own $PEPU at an extremely attractive fixed presale price.
The development team has hinted that $PEPU will appear on top-tier exchanges. Will these be big names like Coinbase, Robinhood, Binance, or Kraken? While the answer is not yet clear, the excitement from the community is undeniable.
Leveraging the iconic Pepe image, the Ethereum-based Layer 2 blockchain of Pepe Unchained not only provides fast and low-cost transaction solutions, but also integrates many outstanding features. From the staking mechanism, a user-friendly meme coin launcher, to the decentralized exchange and block explorer, everything is designed to be optimized for the meme coin ecosystem.
With the meme coin market reaching a peak, with a capitalization of $125 billion, the launch timing of $PEPU is considered extremely favorable.
Experts predict a huge explosive potential, with Jacob Bury - one of the famous presale hunters - even estimating that $PEPU could bring a 100-fold return.
He believes that $PEPU will not only grow in tandem with Pepe, but also have a stronger volatility range, opening up attractive profit opportunities.
With only 29 days left before $PEPU is officially listed, this is the time for investors to act quickly to catch the upcoming price surge.
Access the Pepe Unchained Presale now!
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