The value of PEPE coin (PEPE/USD) has surged dramatically, marking a 76% increase on Wednesday, following the revelation that Robinhood Markets (HOOD) has integrated the cryptocurrency on its platform. Additionally, whispers of an impending listing on Coinbase Global (COIN) have fueled investor excitement, expanding access for potential buyers of PEPE.
A Glimpse into PEPE Coin’s Trajectory from 2023
The origin of PEPE coin can be traced back to April 2023. Born from the virally popular “Pepe the Frog” meme, the coin swiftly captured attention within the crypto sphere. Its recognizable meme lineage attracted a sizeable community of holders, amplifying its reach and appeal.
PEPE’s inaugural year was notable, yet the cryptocurrency’s trajectory seems poised for even greater heights. News on Wednesday highlighted that more platforms are embracing PEPE, potentially increasing its reach among global investors.
Robinhood initially rolled out PEPE in European markets, but this recent development brings it to even wider audiences. Meanwhile, Coinbase also hinted at a forthcoming PEPE listing, sparking excitement as these major exchanges bring the meme-inspired coin into the portfolios of mainstream traders worldwide.
Many early adopters invested in PEPE tokens before it gained substantial traction across social media in 2023 or was listed on platforms like CoinMarketCap. On April 17, 2023, PEPE’s popularity soared, setting Twitter ablaze as curious investors tuned in to Twitter Spaces, eager to unravel the potential of this emerging coin.
The PEPE coin draws inspiration from the “Pepe the Frog” meme, originally crafted by artist Matt Furie. With a vast built-in fanbase, the coin has sustained investor interest, blending internet culture with the financial world in an unprecedented manner.
Hypothetical Returns of a $100 Investment in PEPE
For those who ventured early into PEPE coin, even modest initial investments transformed into substantial returns. However, the limited liquidity of the coin and fears of a looming sell-off deterred some from cashing out fully. Early supporters managed to secure profits as the coin’s value fluctuated, while new followers witnessed exponential gains if they held onto their investments.
On April 17, PEPE’s trading price varied between $0.00000002764 and $0.00000007957. It debuted at $0.00000005685, marking one of the earliest recorded valuations, which is often referenced in hypothetical calculations.
Had an investor allocated $100 at that initial rate, they would have acquired approximately 1,759,014,951.63 PEPE tokens. At the current price of $0.0000184, that initial sum would now be valued at around $32,365.88—a staggering return of 32,265.9% within a span of just 19 months.
PEPE recently hit an all-time high of $0.00001944, bolstered by its debut on new exchanges, and could continue to gain momentum. However, its future hangs in the balance as investors weigh the prospects of holding for higher gains or seizing this moment to lock in profits.
With the influence of meme coins burgeoning, their role and implications within the digital asset landscape will be dissected at Benzinga’s upcoming Future of Digital Assets event on November 19.
