PEPE Market Cap Hits $10 Billion, Flips Litecoin After 18% Price Increase
Pepe's market cap climbed to $10.67 billion and surpassed Litecoin after the price increased by 18% in 24 hours.
This milestone can be linked to an all-round rise in network activity as demand for the meme coin surged.
PEPE's price could be set to hit a new all-time high of $0.000030 if the bullish crossover is sustained.
PEPE, the frog-themed meme coin, has achieved a significant milestone by surpassing a $10 billion market cap for the first time. This surge came after PEPE’s price spiked by 18% in the last 24 hours, briefly reaching a new all-time high.
As a result of this increase, PEPE has now surpassed Litecoin (LTC) in market cap standings. Here’s a breakdown of the events that led to this remarkable achievement.
The Ethereum Meme Coin Climbs to the 21st PositionOn Saturday, December 7, PEPE had a market cap of around $9.07 billion with a price of $0.000021. However, a strong 18% surge pushed the price to $0.000027 before slightly dipping to $0.000025, where it currently sits.
This price movement propelled PEPE’s market cap to an impressive $10.67 billion. With 420 trillion tokens in circulation, the price increase clearly played a crucial role in achieving this milestone.
As a result, PEPE now ranks as the 21st most valuable cryptocurrency, surpassing Litecoin, whose market cap remains at $10 billion.
Data from IntoTheBlock highlights an increase in active, new, and zero-balance addresses—key metrics that point to growing demand for the token.
Active addresses track the number of unique wallets engaging in transactions, while new and zero-balance addresses measure first-time users and those adding PEPE to their wallets.
The rise in these metrics signals greater user engagement and bullish momentum. If this trend continues, PEPE might not stop at reclaiming its all-time high but potentially see further price gains.
