Every season we witness the “hype” and explosion of certain “meme” coins. Apart from the already known ones Dogecoin (DOGE) and Shiba Inu (SHIB) have a new project called Pepe the Frog meme coin.
After its listing on the world’s largest cryptocurrency exchange Binance, PEPE coin achieved an unreal jump of 896 percent in the past week of trading. In addition, crossing the market the capitalization of one billion dollars ranks it at the top of the world’s “meme” coins.
In the category of leading “memes”, the cryptocurrency PEPE is after crossing the billion dollar mark of capitalization sat in safe third place. In the last hour of trading, they are followed by growth of 5.73 percent, while at the daily level it is a jump of 53.30 percent, with the leading place on cryptocurrency popularity ranking trend.
This growth started from the low price of $0.00000005514 on April 18th. After the record with a growth of 5.102 percent, the price reached $0.000003113. Pepe coin has made great leaps in the trend of trading on all crypto exchanges, starting from Okx, Uniswap, and all the way to div Binance. At the moment, more than one hundred thousand users own PEPE coins, the number of which is in all higher growth. However, it is interesting to note that the ten leading addresses that hold PEPE coin they own about twenty percent of the total circulating token.
Initial investors who were lucky could increase the stake of 260 US dollars to the current 8 million US dollars. This is exactly what the pseudonymous investor did dimethyltryptamine.eth that was able to achieve this result according to the Arkham blockchain corporation. However, the question remains how long this “hype” around PEPE coin will last, and whether this one is a leap based on the vision and quality of the project.