In a move that caught the attention of crypto enthusiasts, Pepe (PEPE) saw a remarkable surge in its value following the announcement of Coinbase International Exchange's upcoming launch of perpetual futures for the popular meme-based digital asset. The news, which broke the speculation bubble about the potential for a spot listing, sent ripples of excitement through the trading community, with Pepe's current market cap standing at a hefty $3 billion.
Coinbase International Exchange revealed its plans in a detailed post, outlining its intention to introduce PEPE perpetuals trading on both its offshore platform and Coinbase Advanced. The trading is scheduled to kick off on April 18, setting the stage for an eagerly anticipated event in the cryptocurrency world.
The announcement sparked an initial surge of almost 10% in Pepe's value, reflecting traders' enthusiasm. However, the token later retraced some of its gains, settling at a modest 3% increase over the past 24 hours. Despite the fluctuations, the market's response underscores the significance of this development for Pepe and the broader crypto landscape.
