The meme coin PEPE has experienced explosive growth after major U.S. trading platforms Robinhood and Coinbase announced its listing on May 13th. This development triggered an 80% price surge, reaching a record high of $0.00002457 per token, with its market capitalization surpassing $10 billion.
PEPE Market Performance and Statistics
According to CoinGecko data:
- Current price: $0.00002438
- 24-hour growth: 79.1%
- Weekly growth: 130%+
- Market cap: $10.2 billion (now ranked #17 among cryptocurrencies)
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Understanding the PEPE Phenomenon
Launched in April 2023, PEPE is a meme coin inspired by the internet's famous Pepe the Frog. Key characteristics:
- No intrinsic value or formal development team
- Positioned as "for entertainment purposes only"
- Fourth meme coin listed on Coinbase (following DOGE, SHIB, and BONK)
The "Coinbase Effect" Explained
Historical patterns show cryptocurrencies typically experience significant price surges after Coinbase listings due to:
- Stringent token review process
- Market perception of legitimacy and security
- Increased accessibility to retail investors
Market Implications of Dual Listing
The simultaneous Robinhood and Coinbase listing indicates:
- Continued strong demand for meme coins
- Growing mainstream acceptance of speculative crypto assets
- Potential for improved liquidity and visibility
- Foundation for broader retail adoption
Risk Considerations for Investors
Important factors to consider:
✔ Extreme price volatility
✔ High speculative nature
✔ No underlying utility
✔ Potential for rapid value fluctuations
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Frequently Asked Questions
Why did PEPE's price surge after the listings?
The dual listing created immediate buying pressure from millions of new potential investors across both platforms, combined with existing market enthusiasm for meme coins.
How does PEPE compare to other meme coins?
While sharing similar speculative characteristics with DOGE and SHIB, PEPE has achieved remarkable growth velocity, reaching a $10B market cap faster than its predecessors.
Should I invest in PEPE now?
Meme coins represent high-risk assets. Only allocate funds you can afford to lose, and consider dollar-cost averaging rather than lump-sum investments during periods of extreme volatility.
Conclusion
The PEPE listing marks another milestone in meme coins' journey toward mainstream crypto acceptance. While the short-term price action demonstrates remarkable momentum, investors should carefully evaluate their risk tolerance before participating in this highly volatile market segment.