PEPE soars to $11 billion market cap, value units new file excessive

Key Takeaways

PEPE has seen a 1,538% enhance year-to-date, outperforming most high 100 crypto belongings.
Binance.US, Coinbase, and Robinhood lately introduced help for PEPE buying and selling.

Pepe coin (PEPE) reached a brand new all-time excessive of $0.000026 over the weekend, pushing its market cap above $11 billion for the primary time ever, in accordance with CoinGecko information.

PEPE spikes to a brand new file excessive

As of the newest information, the frog-themed meme token is buying and selling at over $0.000025, reflecting a 17% surge prior to now 24 hours. Its market cap now stands at roughly $10.6 billion, strengthening its place because the third-largest meme coin.

PEPE has surged 1,538% year-to-date, outperforming most high 100 crypto belongings. As compared, Dogecoin (DOGE) has gained 370% throughout the identical interval.

PEPE’s value rally comes amid a large resurgence within the altcoin market following Ethereum’s rise to $4,000 for the primary time since March. Ethereum’s current value restoration, alongside robust indicators just like the Altcoin Season Index reaching 89, has bolstered confidence amongst merchants that the altcoin season has begun.

Listings on main US exchanges have additionally supported PEPE’s upward momentum. Binance.US lately added PEPE buying and selling, becoming a member of Coinbase and Robinhood, regardless of these platforms sometimes sustaining strict itemizing standards for meme cash as a consequence of regulatory issues.

Canine-themed meme cash additionally noticed main features over the weekend. Child Doge Coin (BABYDOGE) elevated 33%, whereas DOG•GO•TO•THE•MOON (DOG) rose 16%, CoinGecko information exhibits.

Different tokens posting features included Dogwifhat (WIF), Popcat (POPCAT), Peanut the Squirrel (PNUT), and Turbo (TURBO).