Pepe

PEPE

<p class="is-style-lead">Pepe (PEPE), the popular frog-themed meme coin, has outshined most of the popular memecoins with an 11% surge in the last 24 hours.</p> 
<p>At the time of writing, PEPE was trading at $0.0000129, with a trading volume of $1.27 billion over the past day. The memecoin has surged by 50% over the last seven days and a massive 1372% over the last year.</p> 
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  PEPE 24-hour price chart | Source: CoinMarketCap
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<p>The crypto asset’s market cap has also risen by 9%, currently holding at $5.43 billion. However, the token is still down 23% from its all-time high of $0.0000167, reached on May 28, 2024.</p> 
<p>It is interesting to note that PEPE was earlier falling in tandem with the broader cryptocurrency market, as seen from the token’s 11% drop in the last seven days, per data from CoinMarketCap.</p> 
<p>The latest price reversal follows a significant acquisition by a whale that sparked speculation of a potential PEPE rally. In a June 11 X post, on-chain analytics platform Scopescan <a href="https://x.com/0xScopescan/status/1800451725826076957" target="_blank" rel="">revealed </a>that a whale withdrew 256 billion PEPE coins priced at $2.9 million from the crypto exchange Bybit.</p> 
<p>Earlier in May, the whale had deposited 200 billion PEPE worth about $2.8 million to the exchange platform immediately after a price pump.</p> 
<p>Notably, the latest withdrawal is a signal of renewed interest in the memecoin, as the whale now holds over 291 billion coins valued at around $3.5 million. The whale’s acquisition of such a massive amount of PEPE has possibly reinstated confidence in the asset’s future, urging retail investors to reconsider their positions.</p> 
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   <p lang="en" dir="ltr">Last time <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#bitcoin</a> was showing weakness, <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$PEPE</a> slowly started showing strength against the tide, then suddenly-catapulted violently upwards.<br><br>History will repeat. <br><br>Time is a flat circle… <a href="https://t.co/C4DL6fSWVS" target="_blank" rel="">pic.twitter.com/C4DL6fSWVS</a></p>— DEFI OMEGA (@DefiOmega) <a href="https://twitter.com/DefiOmega/status/1800592379247776179?ref_src=twsrc%5Etfw" target="_blank" rel="">June 11, 2024</a>
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<p>Another potential reason for the latest PEPE surge is the potential listing of the asset on leading crypto exchange Coinbase. The exchange had also caused a price spike in PEPE earlier, as it<a href="https://crypto.news/coinbase-perpetual-futures-pepe/" rel=""> opened a perpetual futures market </a>for the token on April 18.</p> 
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   <p lang="en" dir="ltr">Coinbase Will List <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$PEPE</a> In 2024. <a href="https://t.co/xEWYan12n3" target="_blank" rel="">pic.twitter.com/xEWYan12n3</a></p>— JAKE (@JakeGagain) <a href="https://twitter.com/JakeGagain/status/1800455179197624773?ref_src=twsrc%5Etfw" target="_blank" rel="">June 11, 2024</a>
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<p> You might also like: <a href="https://crypto.news/maga-strump-memecoins-tumble-amid-trump-medias-new-sec-filing/" rel=""> MAGA, STRUMP memecoins tumble amid Trump Media’s new SEC filing </a> </p> 
<h2 class="wp-block-heading" id="major-meme-players">Major meme players</h2> 
<p>Pepe remains the top-traded memecoin, far surpassing the likes of Dogecoin (<a href="https://crypto.news/price/dogecoin/" rel="">DOGE</a>), Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" rel="">SHIB</a>), Floki (FLOKI), and Dogwifhat (WIF).</p> 
<p>However, among the other major meme players, only WIF, Bonk (BONK), and Book of Meme (BOME) registered any gains in the last 24 hours.</p> 
<ul> 
 <li>WIF was up a modest 1%.</li> 
 <li>BOME managed an even lower 0.60%.</li> 
 <li>BONK performed much better, rising 8.5% to exchange hands at $0.000028 at the time of writing.</li> 
</ul> 
<p>Meanwhile, the global cryptocurrency market is still reeling from a downturn of 0.67%, bringing its market cap to $2.45 trillion.</p> 
<p>The world’s leading cryptocurrency by market cap, Bitcoin, is seen in the red with a 0.65% drop in the last 24 hours, currently being traded at $67,338.</p> 
<p> Read more: <a href="https://crypto.news/solana-memecoin-dev-sets-self-on-fire-master-marketing-or-madness/" rel=""> Solana memecoin dev sets self on fire: master marketing or madness? </a> </p>

Pepe leads meme coin market with notable 11% surge

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