Ethereum-based Pepe posted 92% gains over the last 24 hours to become the third-largest meme coin by market cap. Pepe has a meteoric rise Pepe launched on April 17, going from zero to a current market cap of $448.9 million — netting early investors huge profits and sparking calls...
Ethereum-based Pepe posted 92% gains over the last 24 hours to become the third-largest meme coin by market cap.
Pepe has a meteoric rise
Over the past week, multiple tweets have posted stories of ‘degens’ ‘yeeting’ relatively small sums into Pepe to become overnight millionaires — generating a level of FOMO last seen during Dogecoin’s 2021 run to $0.74.
Amid general market weakness, Pepe’s strong run of form has leapfrogged FLOKI and Baby Doge Coin to become the third biggest meme coin by market cap.
However, overtaking second-placed Shiba Inu is a bigger ask, as it is currently more than ten times the value of Pepe.
The four-hour chart below shows an uptrend rising on April 29 around 13:00 GMT, taking Pepe from $0.0000003316 to a peak of $0.0000012 in the early hours of today — a 275% increase.
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- The number of token transactions is limited.
- Maximum token trading can be modified.
- The contract owner can blacklist addresses.
Per CMC, the creators of Pepe are anonymous, and there is no information on the team.