- Pepe, the meme coin inspired by “Pepe the Frog,” has surged past Dogecoin in weekly gains following listings on major U.S. exchanges Robinhood and Coinbase.
- This surge has propelled Pepe into the top 20 cryptocurrencies by market cap, with analysts predicting continued growth as meme coins remain a popular trend in the crypto market.
Pepe, the meme coin based on the popular “Pepe the Frog” internet meme, has made waves in the cryptocurrency world, outpacing the long-standing favorite, Dogecoin (DOGE), in terms of weekly gains. This surge in Pepe’s value comes after significant announcements from major U.S.-based exchanges, Robinhood and Coinbase, listing the token. With meme coins continuing to ride a wave of popularity amidst a broader market rally, the frog-themed token has captured the attention of retail investors and traders alike.
Pepe’s Meteoric Rise
In just a few hours following the exchange listings, Pepe’s market capitalization surged past $10 billion, albeit briefly, signaling the overwhelming retail interest in the token. This surge places it among the top 20 cryptocurrencies by market cap for the first time, a significant milestone for the meme coin. The excitement around Pepe’s listings on Robinhood and Coinbase has driven massive trading volumes, with Pepe reaching $24 billion in trading volume in just a few hours, narrowly trailing behind Dogecoin’s $28 billion over a 24-hour period.
The most notable performance was the token’s impressive 131% gain over the past week, outpacing Dogecoin’s 104% increase. In addition, Pepe hit an all-time high of $0.00002299, surpassing its previous peak from May, further solidifying its place as a prominent player in the meme coin space.
Meme Coins Continue to Dominate
Pepe’s rise follows in the footsteps of Dogecoin, which has seen remarkable growth, especially after the U.S. election in November 2024. Dogecoin’s price surged to $0.40, a high not seen since 2021, fueled by the growing interest in meme coins. This uptick in meme coin popularity aligns with a broader market rally and the continued enthusiasm surrounding tokens that have gained traction, such as Shiba Inu (SHIB) and Bonk.
Pepe’s entry into Coinbase, after a prolonged period of community requests, marks another victory for the meme coin community. It joins the ranks of other popular meme coins like Dogecoin and Shiba Inu, which have all been listed on the platform. With these listings, the meme coin ecosystem is expanding, and new challengers like Pepe are rapidly gaining traction.
A Bright Future for Pepe?
Crypto analysts are already speculating about Pepe’s future, with some suggesting the token could follow Dogecoin’s trajectory and see even greater gains in the coming months. Daan de Rover, the founder of CryptoSea, suggested that Pepe could potentially experience a 900% jump, sparking excitement for future growth. As the hype surrounding meme coins shows no signs of slowing down, Pepe is well-positioned to challenge the old guard, and with new players emerging, the meme coin landscape is set for continued innovation and volatility.
In a market that thrives on community engagement and social media buzz, Pepe’s rise to the top is a testament to the power of meme culture and its influence on the world of cryptocurrency.
