SCENE PEPE Surpasses Dogecoin in Weekly Gains Amid Major Exchange Listings and Market Rally

Coin prices are always changing, and right now, there’s some exciting news in the meme coin world. The meme coin SCENE PEPE has recently outperformed Dogecoin (DOGE) in weekly gains. This shift comes after major crypto exchanges announced plans to list PEPE. It’s all happening during a broader market rally and following a Republican victory.

The announcement about PEPE’s listings sparked immediate market reactions. Within just a few hours, the token’s market cap briefly surged past $10 billion. In comparison, Dogecoin's market cap sits at around $56 billion.

So, what’s driving this surge? Two major U.S.-based exchanges—Robinhood and Coinbase—announced they would list PEPE. This gave the token a fresh wave of visibility and attracted massive interest from retail investors.

Looking at trading volumes, Dogecoin recorded about $28 billion in trades over a 24-hour period. Meanwhile, PEPE saw $24 billion in trading volume just hours after the listing announcements.

In terms of weekly performance, Dogecoin is up by 104%, while PEPE has gained around 131% during the same time. PEPE even reached an all-time high of $0.00002299 on Wednesday, surpassing its previous peak from May. This milestone marked PEPE’s entry into the top 20 cryptocurrencies by market cap.

The rise of PEPE mirrors the explosive growth of Dogecoin (DOGE), which has seen significant price increases since the November U.S. election. Dogecoin reached a peak of $0.40 during the market rally—its highest price since 2021. This growth was partly fueled by attention from Tesla CEO Elon Musk during President-elect Donald Trump’s campaign, which sparked a broader meme coin rally.

Coinbase’s announcement came after nearly 18 months of requests from the community. Now, PEPE stands as the fourth meme coin on the platform, joining Dogecoin, Shiba Inu (SHIB), and Bonk.

Crypto analysts are now looking closely at PEPE. Some believe it could follow the same path as Dogecoin, despite a slow start right after the election. “The PEPE breakout starts now,” said Daan de Rover, founder of the automated crypto trading platform CryptoSea. He even suggested that PEPE could see another 900% jump.

The appetite for meme coins isn't fading. New players are emerging to challenge the old favorites, as the hype around meme coins continues to grow beyond just PEPE and Dogecoin. Recently, Binance added Solana-based meme coins ACT and PNUT to its listings, with gains reaching up to 1,300%.

PEPE launched in April 2023 and is inspired by the iconic internet meme “Pepe the Frog,” created by Matt Furie in 2005. Initially, the token didn’t attract much attention, but it has since built a strong community.