The altcoin PEPE, which entered the market recently and then became popular, experienced a serious rise. The excitement of PEPE, whose price has increased by more than 90 percent in the last 24 hours, does not seem to have come to an end. The PEPE meme coin has reached an all-time high of $0.000000816. The increase in price means an increase of about 38,900 percent since its launch on April 14. Here are the details…
Altcoin PEPE up 40x
Pepe coin (PEPE), a token inspired by Pepe the Frog’s popular internet meme, skyrocketed over 90 percent shortly after crypto exchange OKX listed it on its platform. The excitement surrounding the asset was so high that its market cap recently surpassed $450 million. Seychelles-based crypto exchange OKX has announced that PEPE has been listed on its spot trading markets. PEPE/USDT trading pairs are available from May 1st. PEPE withdrawals will be allowed from May 2.
The altcoin’s price surged more than 90 percent in the hours after the announcement. It also reached a market cap of over $450 million, making it one of the top 100 coins. PEPE started gaining traction shortly after its launch in mid-April. At this point, its market value was less than a million dollars. At the time, there were numerous stories of some crypto investors pocketing mind-blowing profits within days.
But as a result of social media hype and its listing on other platforms, it has recently become one of the hottest topics in the crypto world. The past week has been pretty negative for the majority of the market, but positive for the meme coin, which has skyrocketed 250 percent in this time frame. Ethereum-based Pepe has gained 92 percent over the past 24 hours, making it the third-largest meme coin by market cap.
Pepe makes a meteoric rise
Pepe was launched on April 17 and went from zero to a market cap of $448.9 million, delivering huge profits to early investors and sparking calls for meme season. Over the past week, multiple tweets have shared stories of overnight millionaires by investing relatively small sums in Pepe, creating a FOMO level last seen when Dogecoin surged to $0.74 in 2021.
Amid the general weakness in the market, Pepe’s strong form chart surpassed FLOKI and Baby Doge Coin to become the third largest meme coin by market cap. However, surpassing the second-place Shiba Inu is a bigger goal, as he is currently worth more than ten times Pepe. The four-hour chart below shows an uptrend on April 29 that took Pepe from $0.0000003316 to a high of $0.0000012 earlier today – a 275 percent increase.
