The crypto world has seen its fair share of meme coins, with Dogecoin leading the pack as the most famous one. But in the last month, a new contender has emerged that has taken the crypto world by storm – Pepe Coin (PEPE).
PEPE is a decentralized digital currency that is built on the Ethereum blockchain. Like Dogecoin, it features the beloved internet meme frog Pepe as its mascot. In just 30 days, PEPE has seen an incredible surge of 2,300%, surpassing other top meme coins such as Dogecoin and Shiba Inu.
In the past 24 hours alone, PEPE has seen a massive 75% increase, trading at $0.0000012. The meme coin even reached its all-time high level at $0.0000014 on Monday morning.
But what’s even more impressive is that PEPE has surpassed Dogecoin in trading volume. According to data from CoinMarketCap, PEPE’s trading volume has reached a staggering $566 million, while DOGE’s trading volume only amounted to $271 million in the last 24 hours.
This sudden rise of PEPE has taken the crypto community by surprise. Some speculate that it’s due to the increasing popularity of meme coins in general, while others attribute it to the recent surge of interest in NFTs (non-fungible tokens) and digital art.
Despite the skepticism that some have towards meme coins, the rise of PEPE is a clear indication that these types of coins have a legitimate place in the crypto world.
And with its impressive trading volume and steady upward trend, PEPE may just be getting started on its journey toward greater success.