According to the latest stats recorded ahead of the weekend, the meme PEPE token has seen an exponential rise in value, after it was recently listed on the Binance cryptocurrency exchange. In just seven days, the crypto asset gained 896% against the US dollar, making it the third largest meme in terms of market valuation. Amid rising prices, PEPE’s market capitalization has now crossed the $1 billion mark.
PEPE Green Frog Crypto Origins is making waves in a dog-dominated meme economy
Dogecoin (DOGE) and shiba inu (SHIB) have a new contender in the meme token arena, like Pepe the Frog meme coin, pepper (pepper), has emerged as a formidable competitor. With a staggering 896% rise over the past week, PEPE is now a hit Third largest meme icon, trailing only DOGE and SHIB. In the last 24 hours alone, the token has seen a significant increase of over 79%. Bitcoin.com News previously reported PEPE’s initial rally when it launched on April 14, 2023.
PEPE has come a long way since its all-time low of $0.00000005514 per unit on April 18, posting a gain of 5.102%. Currently, the meme token is trading at prices ranging from $0.00000152 to $0.00000302 over the past 24 hours. With a circulating supply of 420 trillion PEPE, the token has accumulated a global 24-hour trade volume of $818 million. On Friday, PEPE ranked sixth in terms of trade volume, trailing only Tether, Bitcoin, Ethereum, USD Coin, and Binance (USD).
PEPE has been making waves on several exchanges, including Binance and Okx, but it is Uniswap v2 that has emerged as the most active PEPE exchange today. Global trade volume for the token has also increased by 205.80% since the previous day. With nearly 100,000 holders, PEPE has had a lot of token holders, with the number of addresses holding the token on Friday reaching 90,683. However, the top 10 addresses control a significant portion of PEPE’s supply, accounting for 20.31%. Actually, it is PEPE’s 100 richest titles It holds nearly half of the token supply, which amounts to 42.62%.
PEPE recently surpassed FLOKI, which was once the third largest meme currency by market cap. Although FLOKI is still up 57% over the past day and 44% over the past week, it has been overshadowed by PEPE’s impressive rally. Interestingly, several other pepe-named cryptocurrencies are also seeing significant gains on Friday. In a meme economy largely dominated by dogs, the crypto-origin of the green frog has left its mark in the land of meme coin.
What do you think the future holds for PEPE and other meme symbols in the ever-evolving world of cryptocurrency? Share your thoughts in the comments section below.
Image credits: shutterstock, pixabay, wikicommons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.