The Pepe-the-Frog-themed meme coin PEPE experienced a dramatic 42% price surge on November 13, coinciding with its listing on major U.S. exchanges Coinbase and Robinhood. This uptick occurred amid broader crypto market enthusiasm following recent political developments.
Exchange Listings Drive PEPE’s Momentum
According to Robinhood’s official announcements, the platform reintroduced trading support for Cardano (ADA), Solana (SOL), and Ripple (XRP) alongside its PEPE listing. Notably, XRP had been delisted for four years due to ongoing litigation between Ripple and the SEC.
Similarly, regulatory uncertainties around ADA and SOL led to their temporary removal in 2023. While the SEC’s stance on these assets remains unclear, Robinhood’s reversal signals shifting industry dynamics.
👉 Explore PEPE’s market performance
Political Shifts and Crypto Optimism
The election of pro-crypto Republican Donald Trump has fueled expectations of reduced regulatory friction. Key promises include:
- Dismissing SEC Chair Gary Gensler
- Appointing Elon Musk to lead the Department of Government Efficiency (DOGE)
- Supporting innovation-friendly policies
Over 250 pro-crypto candidates also secured Congressional seats, further bolstering optimism.
Market Reactions and Meme Coin Mania
The crypto market capitalization surpassed $3 trillion post-election, with meme coins leading the charge. Exchanges like Binance and Coinbase have aggressively listed new meme tokens, anticipating policy tailwinds.
Coinbase’s PEPE listing, alongside its Ethereum L2 Base, propelled the token to an all-time high. Traders are betting on sustained momentum as regulatory clarity improves.
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FAQs
Why did PEPE surge 42%?
The coin gained traction after listings on Coinbase and Robinhood, combined with bullish sentiment following Trump’s election.
What’s the connection between Elon Musk and crypto?
Musk’s involvement in Trump’s administration and his historical support for Dogecoin suggest potential advocacy for crypto-friendly policies.
Will meme coins continue to rise?
Market trends indicate strong demand, but volatility remains high. Regulatory developments will be critical.
How does Trump’s win affect crypto?
His pro-innovation stance could reduce SEC enforcement, benefiting projects like PEPE, SOL, and ADA.
Key Takeaways
- PEPE’s listing on major exchanges drove a 42% price spike.
- Regulatory shifts under Trump may ease pressure on crypto assets.
- Meme coins are outperforming as traders anticipate policy support.