Pepe (PEPE), a popular memecoin, has surged nearly 85% in the past 24 hours, reaching a price of $0.00002375.
Pepe’s market cap has soared to $9.92 billion with this recent spike, marking an impressive 85% gain. Trading volume also skyrocketed, with $20.3 billion exchanged in the last 24 hours—a 215% increase.
The recent rally was driven by Coinbase’s announcement on November 13 to support the Pepe token on the Ethereum network as an ERC-20 asset. Trading launched yesterday at 11:30 AM ET, beginning with the PEPE-USD trading pair, pending sufficient liquidity.
Coinbase has advised users to send PEPE only through the Ethereum network to avoid potential losses. The announcement ignited an immediate response, with Pepe’s price jumping over 49% shortly after the news was released, indicating strong market interest in the listing.
Also Read: Pepe Unchained’s Presale Surges Toward $27 Million Milestone
