Pepe Coin, a popular meme cryptocurrency, has witnessed a remarkable surge of 15% within the last 24 hours, surpassing the gains of other well-known meme coins like Dogecoin and Shiba Inu.
This surge in Pepe Coin’s value comes amidst a broader market shift influenced by major financial institutions filing for spot Bitcoin exchange-traded funds (ETFs), which has generated excitement among investors and positively impacted the overall crypto market.
CoinGlass data reveals that a significant $1.78 million worth of Pepe Coin shorts was liquidated in the past 24 hours, out of a total of $2.54 million in liquidations. This indicates a bullish sentiment and increased buying pressure on Pepe Coin.
Currently, Pepe Coin is trading at $0.0000017 per coin, making it an accessible investment option. With just $1.60, one can acquire 1 million Pepe Coins, offering the potential for significant gains if the coin’s value continues to rise.
Pepe Coin was launched on the Ethereum blockchain in April and quickly gained traction within the cryptocurrency community. Its market capitalization exceeded $1 billion on May 5, leading to the emergence of other meme coins inspired by the frog-themed phenomenon.