On November 14, 2024, the memecoin $PEPE experienced a significant surge, rallying 78% to reach new all-time highs. This increase was fueled by positive market sentiment and recent listings on platforms like Coinbase and Robinhood. Additionally, an early investor turned a modest $ 26 investment into an astonishing $60.3 million, although they are unable to cash out due to their wallet being blacklisted by the developers. Here are the key highlights:

Significant Price Surge

$PEPE reached a peak price of $0.00002524, marking a new all-time high.

The price at press time was $0.00002322, reflecting an 84% increase in the last 24 hours.

The market capitalization of $PEPE is approximately $9.77 billion, placing it as the 14th largest cryptocurrency.

Investor Highlights

An early holder transformed a $26 investment into $60.3 million, achieving a return of 232,068,400%.

Despite this massive gain, the investor cannot sell due to their wallet being blacklisted, which is believed to prevent potential market manipulation.

Other early investors have successfully cashed out significant profits, with one reportedly turning $200,000 into $1.97 million.

Market Developments

The listings on Coinbase and Robinhood have significantly increased the visibility and trading volume of $PEPE.

The meme coin sector is experiencing a surge in popularity, with the total market value of meme coins estimated at $128 billion.

Coinbase has also introduced the COIN50 Index to track the performance of major digital assets, further legitimizing the meme coin market.

Pepe Unchained Initiatives

Following the success of $PEPE, a new project called Pepe Unchained ($PEPU) is being launched to create a sustainable ecosystem.

Pepe Unchained aims to enhance the utility and community engagement of $PEPU through strategic partnerships and innovative features.

The platform will include a decentralized exchange, a launchpad for meme coins, and community-driven initiatives to foster long-term growth.

For more information on Pepe Unchained and its developments, you can visit their official website.