The meme coin 'PEPE' has gained 50% and is now sitting at record highs. This happened after the announcement that Coinbase & Robinhood would list the PEPE on their platforms.
The crypto market is already going through a rally after the win of Donald Trump. But, the gains in PEPE remain unmatched which also highlights the high volatility of the markets.
In just 24 hours, PEPE has gained more than 50%, which is a sign that meme coins are just for fun. According to the announcement, the exchanges will also list Cardano, XRP, and Solana.
According to the company, it took a lot of effort to add support for PEPE & other coins. They also added that it will be a key moment for the crypto community and the company.
In 2023, Robinhood removed ADA and SOL from its platforms after issues with the SEC. At that time, big names such as Coinbase & Binance were also experiencing regulatory issues.
Meanwhile, Coinbase will also be listing the PEPE on its platform, which is also major news. According to the Cheif legal officer of Coinbase, this listing is happening due to popular demand.
With everyone talking about the frog, it about time that they get the frog. Coinbase said something like this in a social post.
These listings come under the assumption that the Donald Trump administration will be more crypto friendly. If that happens, the SEC may even drop some of their ongoing cases against the crypto firms.
However, it is still too soon to assume things, and we would be getting ahead of ourselves. For now, the PEPE is gaining ground and it is based on solid facts.
But, at the end of the day, it doesn't change the fact that MEME coins are nothing but a joke. As such, they shouldn't be trusted with making big investments.