😱🚀🚀Pepe (PEPE) can't get enough of the record: She exploited the market!

Memecoin Pepe (#PEPE ), inspired by the frog, has set new records after the approval of spot Ethereum ETFs.

The number of blockchain addresses trading on Pepe exploded last month; the popular memecoin of the Ethereum network has increased by 100 percent in the last 30 days with the arrival of the spot ETH ETF approval.

According to IntoTheBlock data, daily active addresses holding $PEPE increased by 230 percent to 9,830. This growth has even outpaced other memecoins such as FLOKI, where daily active addresses have increased by 179 percent. Meanwhile, the number of daily active addresses of Dogecoin increased by 10 percent to 53,000.

Memecoin craze increases active addresses every day

Although it is not always a clear measurement, tracking the number of daily active addresses can indicate the adoption trends or usage patterns of a network. The name that attracted the most attention among Decrypts followed by IntoTheBlock was PEPE.

PEPE is based on the Pepe the Frog meme, which was first created by Matt Furie in 2005 and released with a little excitement last April. But the crypto community's interest in meme coins has reached its peak recently; despite their notorious volatility and the risks of contention, they have become a dominant trend.

PEPE, who has been exploiting the market for a while, memecoin took the wind behind it and rose to an all-time high of $ 0.00001698. The popular memecoin, which has shown very big rises since last year, has fallen by 4.8 percent in the last 24 hours. Despite the short-term decline, most PEPE investors are in profit. According to IntoTheBlock, 97 percent of PEPE investors are earning on paper, while 2.73 percent are at breakeven.

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