The CEX listings in the meme coin industry are taking off this month. PEPE Coin finally got its Coinbase listing last week. Now, pundits believe that Peanut the Squirrel is next.
In this article, we will examine the impact of Coinbase’s listings on the prices of meme coins, explore PEPE and PNUT, and find out which is the hottest 2024 meme coin launch.
How can the popularity of a major meme currency continue to increase after its viral success in DEX markets? It’s simple: CEX listings.
CEX listings are a great way to expose meme coins and gain new exposure.
These two CEXs have been driving astronomical gains in recent weeks. Therefore, it is not surprising that CEX listing is the priority of most projects aiming to unleash unhinged growth.
The announcement of the PEPE Coinbase listing triggers a +50% pump: Coinbase volumes add more than $3Bn in Mcap.
When Coinbase first announced the PEPE listing two weeks ago, it triggered an immediate price reversal on the downside. PEPE prices suddenly soared by +50% in 24 hours.
PEPE is currently above a multibillion-dollar market cap. This inflow of money cannot be understated. In fact, a move of 50% would represent an inflow nearing billions.
PEPE’s price has been pushed into a frenzy this week as Coinbase made it possible for users to trade the coin on a spot basis. Has added over $3Bn to the PEPE Coin Market Cap.
The PEPE Chart makes it easy to see that the Coinbase listing has propelled the PEPE Coin to its new all-time highest after the announcement.
PEPE’s price has been steadily rising since then, and Coinbase volume is buying up any dips despite the high valuation. This has led to a very bullish double-bottomed base that will soon lead to a price exploration.
PNUT Crypto Erupts at 20X after Binance Listing—Is Coinbase Next?
Peanut the Squirrel made exciting moves after Binance’s seismic listing on CEX while the top frog was enjoying the spotlight.
Binance announced PNUT first on 11 November and revealed it the next day. The result was a small initial gain of +320%.
PNUT Crypto erupted into a 20x skyrocket within 48 hours as Binance volume pressured price action. Flying up to establish a brand new all-time high at $2.5.
Peanut the Squirrel fought to consolidate his price above the $2 mark in the weeks following. After 3 weeks, however, of relatively stable trade, everything could be about to shift once more. The PNUT Twitter team sent a teasing tweet to the PNUT community earlier today.
Could this indicate an imminent Coinbase announcement? It isn’t easy to confirm, but the growth of meme coins makes it seem likely. The confidence in the market appears to grow as PNUT continues its price rises over the weekend.
Over $50M was raised to support the new meme coin layer 2.
Pepe Unchained sent a shockwave throughout the PEPE communities after more than $50,000 in capital was raised to presale-fund a new PEPE scaling solution layer-2 built for meme coin trading.
Pepe Unchained’s viral success on X and Telegram is a testament to the vibrant community of degens, kek-lord builders, and other aspiring developers.
Not only are the retailers enchanted, but the whales also show their support for the project by making large purchases.
On October 21, one whale created waves by consuming $53,563 ETH worth 4.6 million PEPU tokens. He had previously purchased 5,000,000 PEPU tokens for $50,000 earlier in the same month.
The cryptocurrency community has a way of retaliating against the “Sleepy Joes,” such as PepeCoin (PEPECOIN) and PepeCoin.
Pepe Unchained, with such a strong following, will likely attract additional investment in advance of its initial exchange debut.
Crypto influencer Jacob Crypto Bury believes that PEPU is capable of delivering a stunning 10x profit, further inciting excitement amongst investors.
You can be confident in your investment since StrongProof and Coinsult have audited Pepe Unchained’s Smart Contract and found no major issues.
Developers interested in bringing innovative ideas to the pepe unchained L2 chains can apply for grant funding on the project website.
For an application, you must fill out a simple form. You will then receive a confirmation via email. The Pepe Council will continue to review all submissions and select projects for funding.
