The cryptocurrency market has witnessed an unexpected surge from a memecoin, Pepecoin (PEPE). This meme coin has outperformed established giants like Dogecoin (DOGE) and Shiba Inu (SHIB), minting numerous millionaires with 24-hour gains.
According to CoinGecko data, 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.
Over the past 24 hours, PEPE has surged by an impressive 73%, extending its weekly gains to over 390%. Dogecoin (DOGE) and Bonk (BONK) sparked this meme coin rally. With PEPE’s price rising above the $0.0000074 level, its market capitalization witnessed a $3,003,214,021 mark.
Currently, PEPE stands as the third-largest meme coin, with a $3,311,877,833 24-hour trading volume, 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 outperform even the largest cryptocurrencies, such as Bitcoin and Ethereum, as the broader crypto market continues to decline.
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. Early investors in PEPE have witnessed remarkable returns. DOGE gained 170% over the past week, while SHIB gained 200%.
The cryptocurrency community continues to be amazed by PEPE’s meteoric rise, as this meme coin outperforms established players and challenges market norms.
Also Read: PEPE & WIF’s 50% Surge: Meme Coins Highlight Crypto’s Evolving Landscape
