A novelty in the digital currency and meme coin space, Pepe Coin is a hot topic in the crypto market right now. Created by artist Matt Furie, Pepe the Frog is a cartoon character and popular internet meme portrayed as a green anthropomorphic frog. In mid-April 2023, an Ethereum-based meme coin called PEPE was launched.
Additionally, PEPE outperformed Shiba Inu, Dogecoin, and FLOKI by hitting an all-time high. Shiba Inu now ranks second in the meme coin category, with PEPE in third place. The coin saw a massive increase in market cap, reaching a record price of $0.000001482.
Over the past week, investors have been steadily acquiring this new coin, pushing the meme coin to the top. According to CoinMarketCap, PEPE has generated a 2790% ROI for its first investors since its launch.
Cryptocurrency exchange OKX announced PEPE’s new listing on Twitter, sharing the exciting news with the public.
Pepe coin price
Pepe Coin price is up around 100% over the past day and it is currently trading at $0.00000106. The 24 hour low is $0.000000523 while the high is $0.000001012. Notably, its rapid rise has catapulted it into the top 125 coins in terms of market cap.
Additionally, traders are investing in this new meme coin hoping to make instant profits.
Pepe Coin price chart – Source: Coinmarketcap
Although the stability of PEPE remains uncertain, its trading volume suggests that it is attracting investor interest. PEPE tokens follow a well-known pattern driven by social media hype. However, it is still too early to tell if it will be abandoned like many before it or will continue to break records.
At least for now, the PEPE coin has successfully caught the attention of the internet. If PEPE sustains people’s interest over a longer period of time, it could join the select group of meme coins that have become permanently etched in the memories of crypto communities worldwide.
Binance Announces PEPE Coin Listing: What’s Next for the Meme Cryptocurrency?
The PEPE coin continues to gain prominence on social media among users who engage with meme cryptocurrencies on a daily basis. Additionally, Binance has released an official PEPE buying guide, which the cryptocurrency Twitter community has taken as an indication that the coin could be listed on the exchange soon.
Currently, the meme currency is accessible on smaller exchanges like Bitget, BingX, CoinW, and others. However, major platforms like Binance, Coinbase, and Kraken are yet to list it.
Should this rumor prove true and PEPE coin secure a listing on Binance, it could potentially reignite the meme coin craze.
Renowned crypto twitterer RookieXBT shares tweet with 368,000 followers
While it may be tongue-in-cheek and unlikely that the Pepe coin will flip Ethereum’s market cap, he seems to indicate that low liquidity can cause an asset’s price to explode and crash.
His follow-up tweet read: “Everyone is talking about there being no liquidity and if whales want to sell PEPE price will go to zero but liquidity works both ways.”
Alternative coin for investing
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AiDoge, the first meme generator in its category, combines meme coins and AI, making it a top AI crypto token. Don’t miss this opportunity – invest in AiDoge today.
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