Coinbase Introduces PEPE Futures, Fueling Meme Coin Surge

Coinbase reveals plan to launch PEPE futures trading starting April 18, 9:30 a.m. UTC. Following the announcement, PEPE‘s value jumped by 10%, reaching $0.0007346 – marking a 6.1% hike within the last 24 hours.

Starting from 18th April, 2024, 9:30 am UTC onwards, Coinbase International Exchange and Coinbase Pro will introduce Pepe perpetual futures. This means that trading in the 1000PEPE-PERP market will be accessible on these platforms.— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 11, 2024

Coinbase’s announcement to add PEPE futures is a noteworthy change from their past stance of avoiding playful activities. This development links the occurrence to the broader market trend driven by meme coins and the growing fascination with initiatives similar to PEPE. With PEPE boasting a massive market cap of $2.6 trillion, its competent administration as an Ethereum token justifies its consideration for futures trading.

In the past week, PEPE saw a significant surge in spending, leading to a remarkable 350% increase and a market capitalization of $3,000, making it the third largest by this metric. Moreover, PEPE experienced an impressive 600% growth over the last month, further solidifying its standing in the market.

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2024-04-12 02:44