• PEPE holders coordinated an attack against Coinbase and CEO Brian Armstrong after the exchange labeled Pepe The Frog a “hate symbol”
• Coinbase’s top lawyer issued an apology on Twitter and the PEPE token sank 32% in one day, dropping out of TOP 50
• PEPE community demanded Coinbase to list the memecoin and organized boycott trends as #DELETECOINBASE and #LISTPEPE

Coinbase Labels Pepe The Frog a „Hate Symbol“

PEPE fans were outraged when the second largest American crypto exchange, Coinbase, labeled Pepe The Frog a “hate symbol” that allegedly represents far-right extremist movements, linked to racist, sexist, and homophobic cults. This caused a flurry of memes portraying Brian Armstrong as a colorful clown with a big red nose, along with numerous verbal threats and intense cyberbullying of Coinbase’s CEO.

Coinbase Apologizes

Coinbase’s top lawyer eventually came through with an apology to the active and ambitious community. However, this was not without the help of mass reports on Coinbase to the U.S. Securities and Exchange Commission (SEC).

Pepe’s Ultimatum

The $PEPE community has given its ultimatum – delete Coinbase or list PEPE – which has been trending on Crypto Twitter with hashtags like #DELETECOINBASE, #LISTPEPE and #PEPEISLOVE. At press time, $PEPE trades at $0.00000129 according to CoinGecko with a 32% downtrend in the last 24 hours.

Fallout from Fud

The fallout from this FUD saw Coinbase’s openly traded stock fall by 3.66%. As well as this $PEPE slid 30 positions down and had its market cap cut in half since its Binance listing.

Conclusion

In conclusion it is clear that PEPEs fans are passionate about their coin and will stop at nothing until they get what they want – for Coinbase to list their beloved memecoin!