Pepecoin ($PEPE) has been making significant strides recently. In the first week of July 2024, Pepecoin saw a remarkable 70% increase in its value, positioning it as the leading gainer among meme coins. This surge brought its trading volumes to $800 million over a 24-hour period, outpacing more established meme coins like Dogecoin and Shiba Inu.

Pepecoin's market performance has been impressive since its debut. Initially launched in April 2023, it achieved a peak market cap of around $1.5 billion by early May 2023. Despite a significant drop in value later that year, Pepecoin experienced another rally at the end of February 2024, more than tripling its previous all-time high (ATH) and reaching a new ATH of $0.00001074.

As of early July 2024, Pepecoin's market cap stands at approximately $4.14 billion, with more than 184,000 wallets holding the token. The recent surge in Pepecoin's value reflects the growing interest and optimism in the meme coin market amid a broader crypto bull run.

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