Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to a current valuation of $303 million.
PEPE Jumps 99% in 24 Hours, Now Fifth-Largest Meme Token by Market Cap
On April 30, 2023, the top meme coin crypto assets by market capitalization are worth $19.11 billion. Over the past 24 hours, the valuation of all meme tokens has risen 1.6%. However, only two out of the top five meme coins by market capitalization have seen gains. The newly launched cryptocurrency, pepe (PEPE), is leading the pack with triple-digit gains. Data collected from coingecko.com shows that over the last seven days, PEPE has risen 152.9%, with most of the gains coming from the last 24 hours as the token jumped 99% higher on Sunday.
Bitcoin.com News reported on PEPE and several other meme coin assets eight days ago. At that time, PEPE was the sixth-largest meme token asset by overall valuation. Today, PEPE is the fifth-largest, and the market capitalization recorded on April 22 of $141 million has risen to more than $303 million. On April 30, PEPE had $149.63 million in global trade volume, hovering just below cardano’s (ADA) daily volume on Sunday. The meme token is down 10% lower than its all-time high recorded on Sunday at $0.000000813847 per unit.
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Author: Jamie Redman
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