Pepe has gained significant momentum in the cryptocurrency space, experiencing a surge of over 130% in the previous month. This outstanding achievement has propelled Pepe into the top 20 cryptocurrencies based on market capitalization, briefly surpassing Polygon (MATIC).
Pepe continues to lead the memecoin rally with a 14% price increase in the last 24 hours, currently trading at $0.00001662 with a trading volume of $2.6 billion. The market cap of Pepe has risen by 11%, accompanied by a 26.7% surge in trading volume within 24 hours. The number of Pepe holders has now reached 230,000.
With a market cap of $7.15 billion, Pepe now holds a higher position than Polygon with a valuation of $7.1 billion. Pepe's rapid growth is emphasized by adding $4 billion to its market cap solely in May. Today, Pepe set an all-time high of $0.000017, marking a significant milestone.
Pepe's influence extends beyond market capitalization, as its trading volume now exceeds that of Dogecoin by double. This surge in popularity and performance solidifies Pepe's standing as the third major memecoin, following Dogecoin and Shiba Inu.
Investor interest in Pepe, particularly among high-net-worth individuals ('whales'), has surged. Recent data highlights this trend, with a whale withdrawing a substantial 1.32 trillion PEPE tokens from Binance over the past five days.
According to Spot On Chain, the whale's PEPE portfolio has gained a 21% return at the current price, reinforcing investor trust in the memecoin.
