Memecoins Fly as Coinbase Lists PEPE and WIF

The memecoin supercycle continues, and memes of all sizes are catching bids after Coinbase announced it would list PEPE and Dogwifhat (WIF).

PEPE surged by as much as 69% and WIF by 40% after Coinbase, the 3rd largest centralized exchange by market share, announced the listing of PEPE with a simple frog emoji on social media and then followed up four hours later with a post that asked, “What rhymes with frog?”

The announcement comes as the PNUT memecoin continues on a tear, fueled by a tweet from Elon Musk that said, “America was saved by a squirrel and a meme coin!” The token is now up 1000% in the last seven days after being listed on Binance earlier this week.

Other major memes, such as POPCAT, are rising as traders try to frontrun the next potential token coming to Coinbase.

One trader who goes by Chumbawumba said, “Coinbase had refused to list memes without utility since 2022…Today's announcement removes the ceiling of all memes.”