PEPE the Frog Meme Coin Soars 42% as Coinbase and Robinhood Revive the Crypto Market

The meme coin based on the avatar of Pepe the Frog rose by 42% on November 13 during a lull in the stock market. This quickly came after it was listed on

A meme coin featuring Pepe the Frog’s avatar surged by 42% on November 13 amid a lull in the stock market. This followed the listing of the meme coin on two of the largest cryptocurrency exchanges in the United States, Coinbase and Robinhood, which saw a revival in the crypto market.

Two of the largest cryptocurrency platforms in the U.S., Coinbase and Robinhood, are sparking renewed interest in the crypto market. The listing comes amid rising expectations in the crypto market due to the political developments surrounding the U.S. presidential election.

Popular trading platform Robinhood recently announced that it will be making the following assets available for trading again: Cardano (ADA), Solana (SOL), and Ripple (XRP), along with the new asset, PEPE. This marks the first time in four years that Robinhood has enabled XRP trading after delisting it following legal troubles between Ripple Labs and the U.S. Securities and Exchange Commission.

The move to relist ADA and SOL, which were delisted in Solet in 2023 due to regulatory concerns, comes as investors are still awaiting a clear determination of their regulatory status. The legal classification of these tokens as securities has been a subject of debate, but the scenario shifted drastically after the U.S. presidential election.

Political Shifts, PEPE Surges

As the chart above shows, PEPE surged at the same time as pro-Bitcoin candidate Donald Trump won the U.S. presidency. According to Pisani, Trump’s stance on eliminating regulations for the crypto industry and his promise to fire Gensler, who has been seen as an adversary of the sector, created positive vibes for crypto.

Trump’s administration also promised to bring back popular figures, like Elon Musk, into the newly formed Department of Government Efficiency. The world’s richest man, who has been showing support for Dogecoin (DOGE), is known for his crypto-positive policies. This involvement is seen as a sign that favorable regulatory developments for the industry may also be possible. Pro-crypto politicians, whose numbers have increased, now make up a significant portion of Congress, with over 250 after the elections.

Meme Coins Surged

After emerging as the winning presidential candidate, Trump’s brief statement and pro-crypto stance fueled a surge in the meme coin market. As a result, other meme coins also rallied higher to boost the meme coin sector, pushing all cryptocurrencies to drive the total market capitalization past $3 trillion.

Binance and Coinbase both feature a wide selection of meme coins in anticipation of Washington’s upcoming policies to support the technology in the industry.

Coinbase, the largest cryptocurrency exchange in the U.S., also included PEPE on its spot market. This, combined with the listing on Robinhood, saw even greater momentum for the meme coin. The cryptocurrency rallied to a new record high in the days following the listings as the broader meme coin space surged, following the larger bullish trend.

With major cryptos still up in the air, meme coins like PEPE are highlighting the role that politics and the market will play in shaping crypto’s future.

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