Coinbase and Robinhood List Meme Coin PEPE: Impact and Potential Listings

Coinbase and Robinhood List Meme Coin PEPE

In a significant development for the cryptocurrency market, leading exchanges Coinbase and Robinhood have officially added the popular meme coin PEPE to their spot trading platforms. Following this announcement, the price of PEPE saw a remarkable surge. This incident has sparked interest in other meme coins that may have the potential to be listed on these major exchanges. Analytical firm Layergg conducted a comprehensive study on this topic and shared its findings. According to their analysis, eight meme coins are identified as having a high likelihood of being listed on these exchanges.

Layergg Reveals Potential Meme Coin Listings

As noted by Kriptokoin.com, securing a spot on major exchanges is crucial in the cryptocurrency landscape. Such listings often lead to significant price increases for the respective altcoins. Consequently, investors and traders are actively searching for candidates that have the potential to make it onto these platforms. In this context, Layergg has compiled a list of meme coins that are strong contenders for listings on Coinbase and Robinhood. The following coins have been highlighted:

• WIF
• FLOKI
• MEW
• BONK
• BOME
• TURBO
• NEIRO
• DEGEN

Source: Layergg

Among these, notable mentions include FLOKI, MEW, BOME, TURBO, and NEIRO, which have not yet been listed on Coinbase’s spot market. Additionally, WIF, BONK, and DEGEN are absent from Robinhood’s listings. This absence positions them as potential candidates for future listings.

Impact of Coinbase Listing on PEPE’s Price

The recent listing by Coinbase had a dramatic effect on PEPE’s trading price. Initially, during the early trading hours, PEPE was valued at approximately $0.000013. However, a cryptic message from Coinbase’s Chief Legal Officer, Paul Grewal, hinted at an impending listing of the meme coin. Grewal stated, “You have been asking for a frog for a long time. You will get the frog soon. Coinbase is adding PEPE to our listing roadmap with the goal of listing it later today. Thanks for your patience,” which generated excitement among investors.

Coinbase confirmed the listing with a playful frog emoji, and as anticipated, PEPE was officially listed on the exchange later that same day. Interestingly, this announcement coincided with Robinhood’s decision to also list the meme coin, further driving interest and investment. As a result, PEPE’s price soared to $0.000022, marking an impressive increase of 75%.

Moreover, the surge in PEPE’s price triggered a trading volume increase, reaching an astonishing $53.14 trillion, equivalent to $1.16 billion. However, analysts suggest that such a surge in trading volume may indicate selling pressure, leading to the possibility of a price correction in the short term.

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