As per the newest statistics recorded earlier than the weekend, the meme token PEPE has witnessed a large surge in worth, following its current itemizing on the crypto trade Binance. In simply seven days, the crypto asset has skyrocketed by 896% in opposition to the U.S. greenback, making it the third-largest meme token when it comes to market valuation. Amid the worth spike, PEPE’s market cap now exceeds the $1 billion mark.
Green Frog Crypto Asset PEPE Makes Waves in Meme Economy Dominated by Dogs
Dogecoin (DOGE) and shiba inu (SHIB) have a brand new challenger in the meme token area, as Pepe the Frog meme coin, pepe (PEPE), has emerged as a formidable competitor. With a powerful surge of 896% over the previous week, PEPE has now turn into the third-largest meme token, trailing solely DOGE and SHIB. In the final 24 hours alone, the token has seen a exceptional enhance of over 79%. Bitcoin.com News had beforehand reported on PEPE’s preliminary rise when it was launched on April 14, 2023.
PEPE has come a good distance since its all-time low of $0.00000005514 per unit on April 18, recording a spike of 5,102%. Currently, the meme token is being traded at costs starting from $0.00000152 to $0.00000302 over the final 24 hours. With a circulating provide of 420 trillion PEPE, the token has amassed a world 24-hour commerce quantity of $818 million. On Friday, PEPE ranked sixth when it comes to commerce quantity, trailing solely tether, bitcoin, ethereum, usd coin, and binance usd.
PEPE has been making waves on varied exchanges, together with Binance and Okx, however it’s Uniswap v2 that has emerged as the most lively PEPE trade at the moment. The token’s world commerce quantity has additionally surged by 205.80% since the day prior. With virtually 100K holders, PEPE has garnered much more holders, as the variety of addresses holding the token on Friday was 90,683. However, the high ten addresses management a good portion of PEPE’s provide, accounting for 20.31%. In truth, the high 100 richest PEPE addresses maintain near half of the token’s provide, which quantities to 42.62%.
PEPE lately surpassed FLOKI, which was as soon as the third-largest meme coin by market cap. Although FLOKI remains to be up by 57% over the final day and 44% over the previous week, it has been overshadowed by PEPE’s spectacular surge. Interestingly, a number of different crypto tokens that bear the identify Pepe are additionally experiencing vital features on Friday. In a meme economic system that’s largely dominated by canine, the inexperienced frog crypto asset has definitely made its mark in meme-coin land.
What do you assume the future holds for PEPE and different meme tokens in the ever-evolving world of cryptocurrency? Share your ideas in the feedback part beneath.
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