The PEPE meme token, known for its frog motif, has seen a significant 94% increase over the past week, thanks to support from major exchanges.
Coinbase's Impact on PEPE
Coinbase announced that PEPE is now available for buying, selling, swapping, and storing, greatly expanding the token's accessibility and attracting new traders.
Robinhood's Role in PEPE's Popularity
This week, Robinhood revealed plans to add additional altcoins to its platform, including PEPE, reflecting growing demand for diverse digital assets from users.
Growth Prospects and Market Volatility
Currently, PEPE is trading at $0.00002147, experiencing a 6% decline in the last 24 hours, highlighting the high volatility of the meme coin market. Support from major exchanges may fuel further interest in meme tokens, positively impacting their long-term trajectory.
The backing of major exchanges plays a crucial role in increasing engagement and trading activity for meme coins, boosting their market performance.
