The cryptocurrency market has recently witnessed a significant rise in the price of a popular meme coin, Pepe (PEPE), following its addition to Coinbase's trading program. This development has led to a substantial 6% daily and 40% weekly price increase, outperforming other meme coins in the market. Over the past year, Pepe has seen a remarkable surge of approximately 1,800% in its value, with its market capitalization currently standing at nearly $3 billion.

Pepe's impressive performance is attributed to its listing on Coinbase, which has expanded support for the token by introducing Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. This move has contributed to the token's price increase, making it one of the best performers in the cryptocurrency market. The addition of Pepe to Coinbase's trading program has also led to an increase in trading volume, further fueling its price growth.

In a similar development, dogwifhat (WIF), another popular meme coin, also experienced a significant price surge of 15% following Coinbase's introduction of WIF perpetual contracts. This trend highlights the impact of Coinbase's support on the price performance of meme coins. The listing of meme coins on Coinbase has become a significant factor in their price growth, as it increases their visibility and accessibility to a broader range of traders.

The rise of meme coins like Pepe and dogwifhat can be attributed to their growing popularity and the increasing adoption of cryptocurrencies. The meme coin sector has seen significant growth in recent times, with many tokens experiencing substantial price increases. The listing of these tokens on prominent exchanges like Coinbase has played a crucial role in their success, providing them with the necessary exposure and liquidity to attract traders.

In addition to Pepe and dogwifhat, other popular meme coins like Shiba Inu (SHIB) and Floki Inu (FLOKI) have also seen significant price increases following their listing on Coinbase. The exchange's support for these tokens has contributed to their growth, making them attractive options for traders seeking to capitalize on the meme coin trend. As the cryptocurrency market continues to evolve, the impact of exchanges like Coinbase on the price performance of meme coins is likely to remain significant, shaping the future of this rapidly growing sector.