Pepe Price Surge

The price of Pepe has surged over 30% in the past hour following Robinhood Crypto's announcement that it will list the memecoin for spot trading. The online platform also relisted Solana, Cardano, and XRP, alongside Pepe's debut listing.

Exchange Background

The exchange had previously discontinued support for Solana, Cardano, and XRP in 2023 in response to lawsuits from the U.S. Securities and Exchange Commission targeting firms like Coinbase related to the sale of unregistered securities. This prompted a delisting process to ensure compliance.

Current Price and Performance

At publication time, the price of Pepe stands at $0.00001537, reflecting a 40% increase in the past 24 hours and a 62% rise over the past week. Robinhood Crypto announced that Pepe transfers are now live, allowing users to withdraw and deposit the coin.

Coinbase Announcement

Coinbase added Pepe to its coin listing roadmap, planning to announce an official listing later today. Paul Grewal, Coinbase's Chief Legal Officer, posted on X, "You've long wanted the frog. Well, soon you'll get the frog. Thanks for your patience."

Memecoin Index Performance

The GMCI index for memecoins rose by over 15% in the past 24 hours, increasing 66.38 points to 505.33. Other major memecoins like Dogecoin and Shiba Inu saw gains of 16% and 10% respectively in the past 24 hours.