tl;dr
PEPE has reached a new all-time high, rising 19% in the past 24 hours. This surge follows the return of financial analyst Roaring Kitty, known for the 2021 GameStop short squeeze. His social media return saw GameStop's value double and sparked a new meme frenzy, leading to gains in meme coins like P...
PEPE has reached a new all-time high, rising 19% in the past 24 hours. This surge follows the return of financial analyst Roaring Kitty, known for the 2021 GameStop short squeeze. His social media return saw GameStop's value double and sparked a new meme frenzy, leading to gains in meme coins like Pepe. A tweet by Roaring Kitty featuring a scene from Gangs of New York caused a 5.5% jump in Pepe's value. Additionally, his return led to the launch of Solana meme coins and significant gains in Dogecoin, Shiba, and Dogwifhat.
Pepe's price remained steady until Coinbase experienced a system-wide outage, prompting rumors of a potential listing and causing a 9% surge to an all-time high of $0.00001096.
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 to 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.
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. Coinbase did not immediately respond to a request for comment from Decrypt.
“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 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.
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