Cryptocurrencies, including top meme coins, are in focus this week following news that Coinbase will soon join the benchmark S&P 500 index.
In a press release on Monday, the index confirmed that Coinbase will replace Discover Financial Services to become a part of it on May 19th.
The announcement sent Coinbase shares up more than 25% in recent sessions. Continued buying momentum in COIN stock signals it may be headed to print a new year-to-date high in the months ahead.
What the S&P 500 news means for Coinbase investors?
Winning a spot on the S&P 500 is a significant development for Coinbase as index inclusion often serves as a material tailwind for a company’s stock price.
Part of what drives their share prices up is a meaningful increase in demand that follows a business’s addition to the benchmark index.
For example, exchange-traded funds, pension funds, and other institutional investors tend to focus more on companies that are listed on the S&P 500 index.
Additionally, funds that track the S&P 500 will now have to invest in Coinbase, further boosting the demand for the crypto stock through the remainder of 2025.
Finally, Coinbase’s inclusion in the benchmark S&P 500 index is broadly a vote of confidence in its financial and operational stature, which may sound more appealing to traditional investors.
What does Coinbase news mean for top meme coins?
On May 19th, Coinbase will become the first and only crypto company to join the benchmark S&P 500 index – a watershed moment for crypto industry, signalling mainstream financial acceptance.
Coinbase’s entry into S&P 500 is a watershed moment for crypto industry, analysts say cnbc.com/2025/05/13/coi…
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However, the benefits of it are not all for the Nasdaq listed firm to reap only. Best meme coins like Moo Deng and Bitcoin Pepe stand just as much a chance to take advantage of this recent development.
Why? Because Coinbase’s entry into the prestigious index improves the overall legitimacy of the crypto market. Conventional investors, who may have previously dismissed crypto as a niche or volatile sector, will now see it as a stable, investable space.
But not all can afford to invest in space leaders like Bitcoin or Ethereum. Retail traders often turn to new meme coins in search of quick returns during a crypto bull market. This could lead to increased interest in alternative crypto assets, including top meme coins like Bitcoin Pepe and Moo Deng.
Plus, increased institutional attention means higher liquidity and more avenues for trading. When crypto gains mainstream traction, exchanges see a surge in volume, which often trickles down to lesser-known tokens.
The likes Bitcoin Pepe and Moo Deng, with their meme-driven appeal, stand to attract new buyers looking for speculative opportunities amidst such a backdrop.
Bitcoin Pepe: a meme coin presale that’s firing on all cylinders
Bitcoin Pepe, with its “world’s only Bitcoin meme ICO” status, has already been attracting massive demand during its ongoing presale.
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Its commitment to instant transactions and ultra-low fees has helped raise more than $8.1 million via the presale. Bitcoin Pepe’s focus on utility more than hype paints a rosy picture of what lies ahead.
With its extensive reach on social media and a strong, fully-engaged community, Bitcoin Pepe looks particularly well-positioned to leverage a potential rise in interest in crypto assets that may follow Coinbase’s inclusion in the S&P 500.
Eventually, it may even emerge as the next meme coin to explode in 2025.
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