Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap

Pepe (PEPE), the meme coin featuring the fashionable quality Pepe the Frog, has experienced a important surge successful worth successful the past week, rising by 152.9% against the U.S. dollar. Recent statistic bespeak that PEPE’s marketplace capitalization has surged from $141 cardinal connected April 22 to a existent valuation of $303 million.

PEPE Jumps 99% successful 24 Hours, Now Fifth-Largest Meme Token by Market Cap

On April 30, 2023, the apical meme coin crypto assets by marketplace capitalization are worthy $19.11 billion. Over the past 24 hours, the valuation of all meme tokens has risen 1.6%. However, lone 2 retired of the apical 5 meme coins by marketplace capitalization person seen gains. The recently launched cryptocurrency, pepe (PEPE), is starring the battalion with triple-digit gains. Data collected from coingecko.com shows that implicit the past 7 days, PEPE has risen 152.9%, with astir of the gains coming from the past 24 hours arsenic the token jumped 99% higher connected Sunday.

Bitcoin.com News reported connected PEPE and respective different meme coin assets 8 days ago. At that time, PEPE was the sixth-largest meme token plus by wide valuation. Today, PEPE is the fifth-largest, and the marketplace capitalization recorded connected April 22 of $141 cardinal has risen to much than $303 million. On April 30, PEPE had $149.63 cardinal successful planetary commercialized volume, hovering conscionable beneath cardano’s (ADA) regular measurement connected Sunday. The meme token is down 10% little than its all-time precocious recorded connected Sunday astatine $0.000000813847 per unit.

PEPE has been trending connected Sunday day astatine 3:00 p.m. ET connected April 30, 2023, with much than 2 cardinal tweets related to the meme coin successful Twitter’s concern and concern section.

PEPE is besides 1,217% higher than the all-time debased of $0.000000055142 per portion recorded connected April 18, 2023, oregon astir 2 weeks ago. There are 420.69 trillion PEPE coins successful circulation today. According to coincarp.com statistics, determination are 55,024 PEPE holders today. The apical 10 wallets clasp 20.64% of the full supply, and the apical 100 PEPE holders power 43.82% of the existent supply. While PEPE is hosted connected centralized exchanges, the coin’s trading enactment is mostly connected the decentralized speech (dex) Uniswap (v2).

The marketplace worth of the meme coin system has undergone important fluctuations successful caller months, with dogecoin (DOGE) and shiba inu (SHIB) experiencing ups and downs. Meme coin assets person garnered expanding request from investors and speculation successful the cryptocurrency marketplace since their important emergence successful worth since 2020. The meme coin system is well-known for its volatility, but DOGE and SHIB person remained astatine the forefront of the meme coin marketplace for the past 2 years. While the marketplace worth of these meme coins whitethorn fluctuate, their interaction connected the broader crypto system has not been ignored.

What bash you deliberation astir the caller surge of PEPE the meme coin and its interaction connected the wide meme coin marketplace this week? Share your thoughts and predictions successful the comments conception below.

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