A dramatic spike has been witnessed in the third-largest meme coin, PEPE, which has surged by an astonishing 50% in the last 24 hours and over 100% over the past week. This remarkable performance has likely been fueled by its recent listings on major global exchanges, contributing to a sense of growing optimism among investors.

In what feels like a renewal of bullish sentiment, particularly for the volatile meme coin segment, PEPE has had its moment.

Following notable gains by DOGE and SHIB, PEPE has now joined the ranks, skyrocketing 52% within a day and surpassing its previous all-time high, now reaching $0.00002. The listings on platforms like Robinhood and Coinbase have played a pivotal role in PEPE's ascent. Robinhood announced the inclusion of PEPE along with SOL, XRP, and ADA, providing a significant boost.

Coinciding with this, Paul Grewal, Coinbase’s Chief Legal Officer, affirmed that the largest U.S.-based exchange intends to list PEPE, promising imminent availability.

Beyond exchange activities, there are additional factors at play that are less directly focused on PEPE. The overall market has embraced a robust green momentum. Bitcoin has soared past the $90,000 mark, establishing a new all-time high at over $93,000.

This broader uptick has sparked movement across numerous altcoins, notably propelling meme coins into the spotlight again. Many top 100 cryptocurrencies, including DOGE, WIF, BONK, FLOKI, POPCAT, and BRETT, have posted double-digit gains, while PNUT has experienced a phenomenal triple-digit increase.

The current market conditions suggest that investors are gravitating towards the volatile meme coin sector, lured by the prospect of rapid profits. Nonetheless, the inherent volatility of these tokens necessitates a cautious approach, as they can plummet as quickly as they rise.