Pepe (PEPE) is currently the only cryptocurrency in the green among the top 20 biggest coins, according to data provided by CoinMarketCap. It is up by a mere 0.91%, but this allows it to stand out in a sea of red.
The red-hot meme coin has raced above Litecoin (LTC), with its market cap surpassing $6 billion.
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Meanwhile, Shiba Inu (SHIB) is one of the biggest laggards in the top 20. After slipping by 4% over the past 24 hours, it has dropped out of the top 10. It is now below Toncoin (TON) and Cardano (ADA).
For comparison, Dogecoin (DOGE) is also down 3% despite strong buying activity from whales.
The Near Protocol (NEAR) is the worst-performing coin in the top 20, slipping by more than 4%.
Pepe's big month
According to data provided by IntoTheBlock, a staggering 96% of all Pepe holders are in profit. It has managed to become the most profitable bet among major meme coins.
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On May 27, the meme cryptocurrency reached a new all-time high of $0.00001717. It slipped more than 12% since that headline-grabbing peak.
Pepe has now come a long way since entering the top 100 for the first time in May 2023. Despite growing competition in the meme coin sector, it has become the third-biggest meme coin with a valuation of over $6.3 billion.
Meanwhile, Polymarket users are betting on whether Pepe will manage to beat Solana-based dogwifhat to reach $10 billion first.