Captivating the market’s attention is a memecoin known as PEPPER, a cryptocurrency that drew inspiration from a frog and has experienced exponential growth in a market largely dominated by canine themes. In recent days, PEPE has embarked on an upward rally, propelling it into the top 20 cryptocurrencies on the market.
A significant milestone was achieved by PEPE, surpassing Polygon (MATIC) in terms of market capitalization and securing the 19th position in the overall cryptocurrency rankings. During the early hours of May 27, this memecoin reached a market capitalization of US$7.167 billion, surpassing Polygon’s total value of US$7.113 billion.
However, PEPE subsequently slipped two positions and currently holds the 21st rank with a market value of US$6.999.362.882. Over the past week, PEPE has displayed remarkable growth, with its price soaring by 77.9%.
Thanks to its surge, PEPE reached a new historical price record. The highest value ever paid for Pepe (PEPE) was US$0.00001717, recorded on May 27. In comparison, the current price is 2.64% lower than the memecoin’s peak.
At the time of writing, the PEPE price stood at US$0.00001686, registering a 6.7% increase in the last 24 hours. During this period, memecoin recorded a trading volume of US$1.705.586.258.
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Ethereum surges to US$4 while PEPE sets a new record
After a week marked by intense volatility, resulting in significant fluctuations in cryptocurrency prices, Bitcoin seems to have found stability, oscillating between US$68,000 and US$69,000. Meanwhile, Ethereum has resumed its upward momentum following the approval of spot ETFs based on ETH in the United States, surpassing the US$3,900 mark.
In the realm of meme coins, PEPE continues to astound, recording an additional 13% increase since yesterday and reaching a new all-time high of slightly over $0.000017. Other cryptocurrencies such as FLOKI and BONK have also showcased noteworthy performances, carrying similar valuations.
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The views and opinions expressed by the author or any individuals mentioned in this article are solely for informational purposes and do not constitute financial, investment, or any other form of advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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