Pepe Coin Soars Past $6 Billion Market Cap

In a recent surge that has caught the attention of the cryptocurrency world, the Ethereum-based meme coin, Pepe, has dramatically risen in value, marking its place among the top crypto assets. As per the latest figures from CoinMarketCap, Pepe’s market capitalization has exceeded $6 billion as of May 23rd, positioning it at the 21st spot in the ranking of all cryptocurrencies. This significant boost in its market position can largely be attributed to the growing enthusiasm around Ethereum-related developments, benefiting ERC-20 tokens like Pepe.
The price of Pepe reached a new all-time high of $0.0000157 on May 23rd, following an impressive 76% increase within just three days, culminating in the day of the record high. Over the last 24 hours, Pepe’s value adjusted slightly to $0.00001544, but it still showcases an impressive 53% rise over the past week and an astonishing 112% increase over the past month. With a market capitalization now over $6.5 billion and a 24-hour trading volume of $2.1 billion, Pepe’s explosive growth is a testament to the heightened interest and bullish sentiment in the Ethereum-based meme coin sector.