Coinbase listed Pepe, a meme token created from a frog internet meme that gained popularity in the early 2000s. The long-awaited listing followed the recent bull market that drove most cryptocurrencies to unprecedented levels.
The crypto rally also pushed the valuation of PEPE to more
than $9 billion, making it the fifteenth largest digital asset. According to CoinMarketCap, the meme token was up 20% in the past day and 118% on the weekly chart at the time of writing. Currently, PEPE trades at
$0.00002275.
Coinbase Embraces Meme Tokens
On Wednesday, Coinbase’s Chief Legal Officer Paul Grewal informed
the crypto community that the exchange was soon listing the token.
“You have long wanted the frog. Well, soon you’ll get the
frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing
later today. Thanks for your patience,”
he wrote. Interestingly, Pepe’s description on CoinMarketCap states that it
aims to capitalize on the popularity of other meme tokens like Shiba Inu and
Dogecoin.
You’ve long wanted the frog. Well, soon you’ll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.
— paulgrewal.eth (@iampaulgrewal) November 13, 2024
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
