Key Highlights;
- Pepe Coin set to hit the futures market on Coinbase International next week.
- The news fuels trader speculation about a possible spot listing for the high-flying meme coin.
Yello ParadiseSquad! Hold onto your hats, crypto enthusiasts! Pepe Coin (PEPE), the internet’s beloved meme coin, is making headlines with a big announcement from Coinbase International Exchange. They’re gearing up to introduce a perpetual futures market for PEPE, with trading set to start at 9:30 a.m. UTC on April 18.
Why It Matters
This move by Coinbase International, the global arm of the famed U.S.-based crypto exchange, marks a significant milestone for Pepe Coin. It’s not just about adding another trading instrument; it’s about legitimizing and expanding PEPE’s presence in the competitive crypto market.
Market Reaction
The reaction was electric. Pepe Coin’s value spiked nearly 10% right after the announcement, showcasing the excitement and optimism swirling around this news. Although it later dialed back a bit, settling around a 3% gain over the last 24 hours, the initial surge highlights the potential impact of such developments on crypto valuations.
Looking Ahead
Traders are now buzzing with anticipation, wondering if this step towards futures could pave the way for a spot listing on Coinbase. Given Pepe Coin’s hefty $3 billion market cap and its status as the fourth largest memecoin, expectations are sky-high.
So, ParadiseSquad, as Pepe Coin prepares to dive into the futures market, keep your eyes peeled. This could be just the beginning of a new chapter for the meme coin everyone’s talking about. Will it lead to more mainstream acceptance and perhaps a spot on the regular Coinbase platform? Time will tell, but for now, Pepe Coin is enjoying its moment in the spotlight.
