- Coinbase announced the launch of PEPE futures trading on its platforms, starting on April 18 at 9:30 a.m. UTC.
- Following the announcement, PEPE, the meme coin, saw a 10% increase in value, reaching $0.0007346, representing a 6.1% growth in 24 hours.
@CoinbaseIntExch will add support for Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 18 APR 2024. pic.twitter.com/DKu8YPGRYB
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 11, 2024
- This move reflects broader market trends driven by meme coins and growing interest in projects similar to PEPE.
- PEPE’s market value of $2.6 trillion underscores its effective management as an Ethereum token, making it attractive for futures trading.
- Coinbase’s decision to list PEPE futures signifies a significant shift from its previous stance against meme-related activities.
- The recent surge in PEPE transactions led to a 350% increase within a week, with a significant $3,000 transaction in March propelling it to third place in market capitalization.
- With a 600% monthly rise, PEPE solidifies its dominance in the market.