PEPE Hits New All-Time High Amid Meme Frenzy

PEPE has hit a new all-time high after climbing 19% in the past 24 hours. This comes after Roaring Kitty’s return has seen GameStop and other memes continue to soar.

Financial analyst Roaring Kitty was a central figure in the 2021 GameStop short squeeze which saw the r/WallStreetBets subreddit community attempting to take down hedge funds by purchasing meme stocks. Yesterday, the figure returned to social media after a three-year hiatus, which saw GameStop double in value and a new meme frenzy begin.

The third largest coin in the meme category, according to CoinGecko, started seeing steady gains due to the meme influencer returning. One of his tweets featured a reimagining of a scene from Gangs of New York with the characters’ skin turned green—just like Pepe the frog. It appears this was bullish for the Pepe community with the token jumping 5.5% in a matter of minutes.

Roaring Kitty (also known as Keith Gill) returning also sparked a slew of Solana meme coins to launch, with a Pump.fun record being set. Other meme coins such as Dogecoin, Shiba, and Dogwifhat have also seen significant gains.

After Gill’s Gangs of New York tweet, Pepe traded mostly sideways until Coinbase experienced a “system-wide outage” early this morning. This saw Pepe’s price periodically fall before unconfirmed rumors began to circulate that the centralized exchange was preparing to list the meme coin and crashed as a result.

“Looks like Coinbase is down for maintenance again! Maybe they are getting everything ready before they list PEPE,” one Twitter user said. “The volume is gonna [be] 10x and they need to prepare.” It’s worth repeating: There are currently no confirmed reports that Coinbase is going to list PEPE. But the mere suggestion has been enough to cause the meme coin to jump 9% to an all-time high of $0.00001096.

The resurgence of Roaring Kitty has reignited the meme coin market, propelling PEPE to new heights. As speculation continues, the potential listing on Coinbase could further influence the token’s trajectory. For now, the PEPE community celebrates its recent gains and looks forward to what the future holds.