The meme token PEPE has made headlines in the crypto world after experiencing a massive surge in value following its recent listing on the Binance exchange. According to the latest statistics recorded before the weekend, PEPE has surged by 896% against the U.S. dollar in just seven days. This surge has made it the third-largest meme token in terms of market valuation, with a market cap that now exceeds $1 billion.
PEPE has emerged as a formidable competitor in the meme token arena, which has been dominated by Dogecoin (DOGE) and Shiba Inu (SHIB). With an impressive surge of 896% over the past week, PEPE has now become the third-largest meme token, trailing only DOGE and SHIB. In the last 24 hours alone, the token has seen a remarkable increase of over 79%.
PEPE was launched on April 14, 2023, and 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.
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’s 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’s supply, accounting for 20.31%. In fact, the top 100 richest PEPE addresses hold close to half of the token’s supply, which amounts to 42.62%.
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’s 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. It remains to be seen what the future holds for PEPE and other meme tokens in the ever-evolving world of cryptocurrency.
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