PEPE Meme Token Reaches $9.9 Billion Market Capitalization

The price of the PEPE token, dedicated to the Pepe the Frog meme, surged by 80% in a single day, setting a new record at $0.000025. The asset’s peak market capitalization reached $9.9 billion.

At the time of writing, PEPE is trading at $0.000023 and ranks 14th on CoinMarketCap.

The price jump followed the token’s listing on several crypto platforms, including Robinhood and Coinbase.

You’ve long wanted the frog. Well, soon you’ll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.

— paulgrewal.eth (@iampaulgrewal) November 13, 2024

Analyst Min Jung from Presto Research noted that the launch of PEPE on such major platforms is a significant event, as historically both have been cautious with meme tokens. Now, with direct access for ordinary American investors, the token may receive additional growth impetus.

The listing also caught the attention of the creators of the “original” frog meme coin, PepeCoin, launched back in 2016. Despite its veteran status, this token is less popular and ranks 209th on CoinMarketCap.

Hey, since you enjoy frogs, adding the original Pepe coin @pepecoins (from 2016) would be an even better choice. And, objectively, we’ve been waiting longer. ? pic.twitter.com/z8qV5wEBCP

— Pepecoin (@pepecoins) November 13, 2024

“Hey, since you enjoy frogs, adding the original Pepe coin would be an even better choice. And, objectively, we’ve been waiting longer,” commented the X-account of the “original” meme token.

Previously, the price record was set by the meme token Peanut the Squirrel, which quadrupled in value in one day.