PEPE Meme Coin Soars to All-Time High, Surpassing Dogecoin and Shiba Inu

PEPE meme coin

PEPE Meme Coin master memecoin

In a recent development in the world of meme coins, the PEPE token has broken new records by hitting an all-time high of $0.000000816. The surge in price marks a significant increase of nearly 38,900% since its launch on April 14, surpassing other leading meme coins such as Dogecoin and Shiba Inu.

According to CoinGecko data, PEPE has been ranked as the 17th most traded cryptocurrency in terms of 24-hour trading volume. Its rapid ascendency has enabled it to break into the top 125 coins by market capitalization, currently standing at over $326 million in less than two weeks.

PEPE tokens follow an established pattern characterized by social media-fueled hype, based on Pepe the Frog memes. While other leading meme coins have been following Bitcoin’s cues, PEPE has emerged as a strong contender and managed to capture the internet’s imagination.

However, it remains to be seen whether PEPE will continue to maintain its momentum or fall to the wayside like countless projects before it. One factor that could impact its longevity is a listing on a major cryptocurrency exchange. Such an event could extend the meme coin’s impressive run, as it did for Floki Inu when it was listed on Binance, causing its price to spike by as much as 50%.

The meme coin market received another injection of excitement when Binance published a PEPE buyers guide, leading to speculation that the exchange could open a space for PEPE on its platform. But it’s important to remember that investing in meme coins is high risk and extremely vulnerable to price manipulation. Even those who find themselves in possession of a hoard of PEPE tokens at the height of its value may find it challenging to cash out without sufficient liquidity.

Ultimately, whether PEPE proves to be a flash in the pan or something more enduring, it adds to the fascinating backstory of one little green frog. First drawn by American cartoonist Matt Furie in 2005, Pepe the Frog has acted as a 4-chan in-joke, an alt-right icon, and a symbol of resistance used by Hong Kong protesters. Where this meme will go next is anyone’s guess.

Following its recent all-time high, the market capitalization of PEPE has climbed to $337 million, making it the fifth biggest memecoin in the market. With an impressive 24-hour trading volume that was only beaten by Dogecoin, PEPE is less than $8 million from overtaking FLOKI. The meme coin could break into the top 100 soon and usurp FLOKI before eyeing its next victim in Baby Doge Coin (BABYDOGE).

The PEPE meme coin has taken the market by storm, leaving Dogecoin and Shiba Inu in the rearview. Its rapid ascendency and increasing market capitalization have made it a strong contender in the world of meme coins. However, it’s important to keep in mind that investing in meme coins is high risk and susceptible to price manipulation.