NAIROBI (CoinChapter.com)— Pepe Coin (PEPE) surged by 42% on Nov. 13, following its listings on Coinbase and Robinhood U.S. The listings coincided with market excitement tied to Donald Trump’s victory in the U.S. presidential election, which bolstered pro-crypto sentiment.
Coinbase and Robinhood Trigger PEPE Rally
Robinhood’s U.S. division annou nced the relisting of Cardano (ADA), Solana (SOL), and XRP, alongside the addition of PEPE. Coinbase followed suit, listing PEPE for spot trading within hours. Paul Grewal, Coinbase’s Chief Legal Officer, confirmed the listing, stating, “You’ve wanted the frog for a long time. Well, you’re about to get the frog.”
PEPE enthusiasts had been advocating for a Coinbase listing for over a year. The simultaneous announcements by Coinbase and Robinhood appear to have fueled a sharp rally, with PEPE’s price soaring to a new all-time high of $0.000019. Data from CoinMarketCap showed PEPE’s market capitalization surpassing $8 billion, with a trading volume exceeding $8.55 billion. The token entered the top nine cryptocurrencies by market cap.
Trump’s Victory Sparks Meme Coin Surge
Trump’s election win brought optimism to the cryptocurrency market. His promises to reduce regulatory hurdles, including his intent to dismiss SEC Chair Gary Gensler, have buoyed investor confidence. Trump also unveiled Elon Musk as a member of his Department of Government Efficiency, a move that excited the Dogecoin (DOGE) community.
The broader crypto market rallied to over $3 trillion in market cap, driven by increased optimism about the regulatory outlook. Meme coins, including PEPE and DOGE, saw aggressive buying pressure, with traders speculating on further bullish momentum.
Analysts Predict Further Gains for PEPE
On social media platform X, traders shared bullish sentiment for PEPE coin. Analyst PostyXBT revealed plans to accumulate the token, expecting a DOGE-like rally.
Another trader, Max, pointed to similarities between PEPE’s and DOGE’s dominance charts, suggesting a potential breakout. Jamie, another analyst, predicted a price target of $0.00013, citing wave count analysis.
Notably, the market’s focus on meme coins signals growing speculation about their role in the anticipated pro-crypto regulatory environment under Trump’s presidency. Whether PEPE coin can sustain its momentum remains to be seen.
