Blockchain News

PEPE Leads Bull Run of Meme Crypto Assets: price flies +72%

The popular meme-frog cryptocurrency PEPE has made significant global waves, recording an impressive price pump of +72% in the last week. This surge has positioned PEPE as the leader of the current bull run among meme coins, surpassing the likes of DOGE and SHIB.

According to data from CoinMarketCap, PEPE’s price experienced a remarkable increase of +72% during the past week. Just seven days ago, PEPE was valued at $0.0000009207, but it has risen to $0.000001582. PEPE even reached a high point of $0.0000017 yesterday.

The success of this beloved frog within the crypto community is evident in its price surge and its growing number of on-chain crypto holders. PEPE proudly celebrates over 125,000 holders, with a notable presence on the Ethereum blockchain (121,900 holders), Binance Smart Chain (5,700 holders), and Arbitrum (997 holders).

PEPE’s market capitalization is also on the rise, propelling it to the 64th position in the overall ranking with a total market cap of $620 million. This crypto asset was launched just last month, making its achievements all the more impressive.

Additionally, PEPE has experienced a considerable increase in trading volume over the past 24 hours, with a notable growth of +16%.

From a broader perspective, let’s compare PEPE’s performance with other major meme cryptocurrencies: Dogecoin (DOGE) and Shiba Inu (SHIB). DOGE and SHIB have followed the bullish trend this week, but their price pump percentages differ from PEPE’s.

DOGE, the eighth-largest cryptocurrency by market capitalization, witnessed a +7.77% price pump last week. However, its trading volume experienced a 26% drop over the past 24 hours.

SHIB, ranking 17th in market cap, has seen a more substantial price pump than DOGE but still lags behind PEPE. SHIB’s price increased by 17% last week, and its trading volume surged by +42% in the past 24 hours.

PEPE claimed the ninth position yesterday regarding global trading volume among the top ten coins, with $682 million in trades within the last 24 hours.

Although PEPE’s success is notable, other meme-coins have also witnessed significant price pumps. Miledy Meme Coin (LADYS) saw a remarkable +36% increase last week. Similarly, FLOKI, ranking 110th in market capitalization, experienced a +26% price pump.

However, not all meme-coins have followed the overall bullish trend. Jesus Coin (JESUS), a meme coin, has witnessed a price dump of -52% over the past seven days, going against the prevailing market sentiment.

Yesterday, PEPE took to Twitter to share its achievements regarding on-chain holders. A tweet revealed that PEPE has amassed 128,600 on-chain holders, including 121,900 on the Ethereum blockchain, 5,700 on Binance Smart Chain, and 997 on Arbitrum.

Furthermore, during the day of PEPE’s price surge, Gemini’s crypto exchange tweeted a video message involving the crypto-community frog, stating, “This is the end of the crypto winter.”

PEPE’s recent price pump of +72% has positioned it as the leader in the bull run among meme-coins, surpassing DOGE and SHIB. With a growing number of on-chain holders, an impressive market capitalization, and a notable increase in trading volume, PEPE continues to make significant strides in the crypto market.


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