PEPE has achieved a new all-time high, surging by 19% in the past 24 hours. This remarkable increase follows the resurgence of Roaring Kitty, a financial analyst central to the 2021 GameStop short squeeze.
Roaring Kitty's Comeback Sparks Meme Stock and Coin Frenzy
Roaring Kitty's return to social media after a three-year hiatus has reignited meme stocks' momentum, including GameStop. His influence has spurred a new frenzy in meme communities, driving significant gains in meme coins like Pepe.
Roaring Kitty's Tweet Triggers Rapid Surge in Pepe Coin
Pepe, the third-largest coin in the meme category according to CoinGecko, experienced steady gains as Roaring Kitty reappeared online. Notably, one of his tweets featuring a reference to Pepe the frog from Gangs of New York sparked a 5.5% surge in Pepe's price within minutes.
Coinbase Outage Sparks Rumors of Pepe Listing: Speculation Fuels Price Surge
Following Roaring Kitty's tweet, Pepe's price remained stable until Coinbase experienced a "system-wide outage" early the next morning. Unconfirmed rumors circulated that Coinbase was preparing to list Pepe, causing speculation and volatility in the token's price.
Despite the lack of official confirmation from Coinbase, community speculation fueled by the outage led to a 9% surge in Pepe's price to an all-time high of $0.00001096. Twitter users speculated on Coinbase's potential listing, anticipating increased trading volume and preparing for potential market developments.
It's essential to note that there are currently no confirmed reports regarding Coinbase's listing of Pepe. However, the mere suggestion of such a listing has significantly impacted Pepe's price, highlighting the influence of community speculation and market sentiment in the cryptocurrency space.