The PEPE meme coin has hit a new all-time high of $0.000000816. The surge in price amounts to a nearly 38,900% increase since its launch on April 14.

By 24-hour trading volume, on Sunday the ERC-20 token ranked as the 17th most traded cryptocurrency, according to CoinGecko data. Thanks to its rapid ascendency, PEPE has broken into the top 125 coins by market capitalization.

While other top meme coins including Dogecoin and Shiba Inu have been roughly following Bitcoin’s cues, PEPE emerged in mid-April to amass a market cap of over $326 million in less than two weeks.

The Pepe Meme

Based on Pepe the Frog memes, PEPE tokens follow an established pattern characterized by social media-fueled hype. But it’s too early to say whether PEPE will soon fall to the wayside like countless projects before it. For now at least, the meme coin has managed to capture the internet’s imagination.

If PEPE is able to hold people’s attention for much longer, it may join the limited ranks of meme tokens that remain permanently embedded in the consciousness of the world’s crypto communities.

PEPE Hodlers Long for Listing on Major Exchange

One factor that could impact PEPE’s longevity is a listing on a major cryptocurrency exchange. Such an event may even extend the meme coin’s impressive run.

For example, consider that when Floki Inu was listed on Binance earlier this week, it caused its price to Go to Source to See Full Article
Author: James Morales

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