The cryptocurrency market has witnessed an unexpected surge from a newcomer, Pepecoin (PEPE). This meme coin has outperformed established giants like Dogecoin (DOGE) and Shiba Inu (SHIB), minting numerous millionaires.
PEPE’s trading volumes reached a lifetime high of $3.6 billion, surpassing the volumes of other meme tokens, including Shiba Inu, Floki, and Dogecoin. This achievement is remarkable, considering that developers of these established tokens have introduced ecosystem upgrades.
Over the past 24 hours, PEPE has surged by an impressive 60%, extending its weekly gains to over 370%. Dogecoin (DOGE) and Bonk (BONK) sparked this meme coin rally. With PEPE’s price rising above the $0.000001 level, its market capitalization crossed the half-a-billion mark.
PEPE,24 hrs Price Chart Source: CoinMarketCap
Currently, PEPE’s market capitalization stands just below $600 million, making it the third-largest meme coin in the market, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB). Consequently, PEPE has surpassed the market capitalization of its predecessors, including Floki Inu (FLOKI), Baby Dogecoin (BABYDOGE), and Dogelon Mars (ELON).
PEPE’s weekend rally has seen it outperforming even the largest cryptocurrencies, such as Bitcoin and Ethereum, as the broader crypto market continues to decline. The coin’s price has increased by over 120% in the last day alone, with a rapid growth of more than 300% over the last week.
The meme coin has attracted over 15,000 new holders during the weekend, bringing the total holder base to 65,298 at the time of writing. More than 420,000 transfers have been executed on its smart contract since its inception.
PEPE is currently listed on exchanges like Huobi, MEXC, OKX, and Gate.io, with its cumulative 24-hour trading volume climbing above $287 million. Early investors of PEPE have witnessed remarkable returns.
The cryptocurrency community continues to be amazed by PEPE’s meteoric rise, as this meme coin outperforms established players and challenges the market norms.
Also read: PEPE & WIF’s 50% Surge: Meme Coins Highlight Crypto’s Evolving Landscape
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