tl;dr
Meme coin Pepe (PEPE) has surged, reaching a market cap of $11.37 billion, surpassing Uniswap (UNI) and Litecoin (LTC). This comes as Bitcoin (BTC) crossed $100,000 for the first time, sparking optimism in the crypto market. PEPE saw a 4.5% surge in 24 hours, hitting an all-time high of $0.00002708....
Meme coin Pepe (PEPE) has defied expectations, surging to a market cap of $11.37 billion and surpassing Uniswap (UNI) and Litecoin (LTC). This remarkable feat comes amid Bitcoin's (BTC) historic crossing of the $100,000 threshold, igniting a fresh wave of optimism in the crypto market.
In the past 24 hours, PEPE saw a 4.5% surge, reaching an all-time high price of $0.00002708 and securing the 23rd position by market cap. Over the last 30 days, the token has experienced an impressive 150% increase, with a staggering year-to-date gain of 1,900%. Analysts attribute this robust performance to whale activity and enhanced accessibility facilitated by platforms like MoonPay.
Over the weekend, whales notably augmented their PEPE holdings by $1.14 billion, indicating substantial institutional interest. This accumulation often foreshadows upward price movements, as whales play a pivotal role in catalyzing bullish momentum. The integration of PEPE into MoonPay has significantly widened its accessibility, enabling over 20 million users across 180 countries to purchase the token through popular platforms like Apple Pay and Venmo.
As Bitcoin continues to lead the charge, meme coins like PEPE are reshaping the market landscape, drawing considerable attention and serving as a focal point amid surging investor enthusiasm. Launched in April 2023, PEPE is rooted in the iconic "Pepe the Frog" internet meme, capturing the imagination of a vibrant community drawn to its playful ode to internet culture.