{"id":20603,"date":"2023-05-05T15:49:28","date_gmt":"2023-05-05T15:49:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/meme-coin-pepes-market-cap-surpasses-1b-with-896-surge-over-the-past-week-altcoins-bitcoin-news\/"},"modified":"2023-05-05T15:49:28","modified_gmt":"2023-05-05T15:49:28","slug":"meme-coin-pepes-market-cap-surpasses-1b-with-896-surge-over-the-past-week-altcoins-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/meme-coin-pepes-market-cap-surpasses-1b-with-896-surge-over-the-past-week-altcoins-bitcoin-news\/","title":{"rendered":"Meme Coin PEPE’s Market Cap Surpasses $1B with 896% Surge Over the Past Week \u2013 Altcoins Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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As per the latest statistics recorded before the weekend, the meme token PEPE has witnessed a massive surge in value, following its recent listing on the crypto exchange Binance. In just seven days, the crypto asset has skyrocketed by 896% against the U.S. dollar, making it the third-largest meme token in terms of market valuation. Amid the price spike, PEPE\u2019s market cap now exceeds the $1 billion mark. <\/strong><\/p>\n

Green Frog Crypto Asset PEPE Makes Waves in Meme Economy Dominated by Dogs<\/h2>\n

Dogecoin (DOGE) and shiba inu (SHIB) have a new challenger in the meme token arena, as Pepe the Frog meme coin, pepe (PEPE)<\/a>, has emerged as a formidable competitor. With an impressive surge of 896% over the past week, PEPE has now become the third-largest meme token<\/a>, trailing only DOGE and SHIB. In the last 24 hours alone, the token has seen a remarkable increase of over 79%. Bitcoin.com News had previously reported<\/a> on PEPE\u2019s initial rise when it was launched on April 14, 2023.<\/p>\n

\"Meme<\/p>\n

PEPE has come a long way 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 prices ranging from $0.00000152 to $0.00000302 over the last 24 hours. With a circulating supply of 420 trillion PEPE, the token has amassed 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.<\/p>\n

\"Meme<\/p>\n

PEPE has been making waves on various exchanges, including Binance and Okx, but it is Uniswap v2 that has emerged as the most active PEPE exchange today. The token\u2019s global trade volume has also surged by 205.80% since the day prior. With almost 100K holders, PEPE has garnered a lot more holders, as the number of addresses holding the token on Friday was 90,683. However, the top ten addresses control a significant portion of PEPE\u2019s supply, accounting for 20.31%. In fact, the top 100 richest PEPE addresses<\/a> hold close to half of the token\u2019s supply, which amounts to 42.62%.<\/p>\n

PEPE recently surpassed FLOKI, which was once the third-largest meme coin by market cap. Although FLOKI is still up by 57% over the last day and 44% over the past week, it has been overshadowed by PEPE\u2019s impressive surge. Interestingly, several other crypto tokens that bear the name Pepe are also experiencing significant gains on Friday. In a meme economy that is largely dominated by dogs, the green frog crypto asset has certainly made its mark in meme-coin land.<\/p>\n

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Binance<\/a>, Cryptocurrency<\/a>, Doge<\/a>, floki<\/a>, Global Trade<\/a>, Market Cap<\/a>, Market Valuation<\/a>, Meme Coin<\/a>, pepe<\/a>, shib<\/a>, trade volume<\/a>, Uniswap V2<\/a><\/div>\n<\/div>\n

What do you think the future holds for PEPE and other meme tokens in the ever-evolving world of cryptocurrency? Share your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, 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.<\/p>\n<\/div>\n

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