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PEIPEI

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PeiPei, an Ethereum-based meme coin, has emerged as the top gainer among the 500 largest cryptocurrencies. 
The asset’s uptrend began on the back of the mild recovery effort from the broader market following the drop in Bitcoin’s (<a href="https://crypto.news/price/bitcoin/">BTC</a>) selling pressure. Before now, PeiPei was a victim of the market-wide <a href="https://crypto.news/germany-transfers-40-million-bitcoin-ongoing-sell-off/">bloodbath</a>, collapsing 43% from its previous all-time high of $0.00000002960 on July 1 to $0.00000001691 on July 6. 
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 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2024/07/PeiPei-PEIPEI-13.13.32-10-Jul-2024-1024x347.png" alt="Memecoin PeiPei emerges the top gainer among the leading 500 - 21" class="wp-image-14284007">
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 PEIPEI price – July 10 | Source: Santiment
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With the crypto market exhibiting <a href="https://crypto.news/bitcoin-price-shrugs-germanys-362m-exchange-deposit/">signs</a> of stability, PeiPei demonstrated resilience, but witnessed a drought in buying pressure. This led to a consolidation phase, one observed throughout the entire market. However, this week has been especially favorable for PeiPei, following an 11.14% gain on Monday. 
The meme coin built on this rebound, spiking 28.23% on July 9 and then registering another rally this morning. PeiPei eventually recovered the losses of the recent correction, hitting a new all-time high of $0.00000003230 earlier today.&nbsp; 
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Despite a sharp correction from this peak, the token has retained a 9.89% gain this morning, with a 42% increase over the past 24 hours. PeiPei’s market cap has spiked by a similar margin to $119 million, making it the 300th largest crypto asset. This positions PeiPei as the biggest gainer among the top 500 crypto assets in the market.&nbsp; 
Amid the upsurge, PeiPei’s social volume has witnessed a remarkable increase. The token has now <a href="https://x.com/Peipeierc20/status/1810919284467745210" target="_blank" rel="">secured</a> a spot among the top trending assets on CoinMarketCap, CoinGecko and crypto exchange Crypto.com. This has contributed to a 65.76% rise in 24-hour <a href="https://crypto.news/glossary/volume-in-crypto-trading/">volume</a> to $190.06 million, indicating increased interest. 
Launched in June, the token has seen a remarkable 771% increase in value since then, with a 53.94% surge just in the past week, currently trading at $0.00000002940. 
PeiPei has already secured a listing on over 12 centralized exchanges, including MEXC, Bybit and Gate.io. The project <a href="https://x.com/Peipeierc20/status/1807837714139529247" target="_blank" rel="">disclosed</a> a partnership with Brazilian UFC fighter Gilbert Burns earlier this month.&nbsp; 
Despite its feats over just one month, the <a href="https://crypto.news/memecoins-are-everything-wrong-with-web3-opinion/">meme coin</a> has not yet solidified its reputation in the crypto scene, with little to no information on its founders and a roadmap bordering on just “vibes.” As such, caution is advised among investors. 
 Read more: <a href="https://crypto.news/celestia-tia-surges-20-leads-as-top-gainer/"> Celestia (TIA) surges 20%, leads as top gainer </a>

Memecoin PeiPei emerges the top gainer among the leading 500

crypto.news

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