This bull market cycle is filled with the craze for meme coins, with well-known platforms like Pump.fun launching new tokens almost every day. Meanwhile, popular meme coins like Dogecoin, Shiba Inu, and PEPE continue to grow exponentially.

For example, PEPE reached a historic high of $0.00002644 less than a month after breaking its previous all-time high. This latest price surge highlights the bullish momentum that meme tokens have enjoyed over the past few weeks.

PEPE Price Overview

As of the time of writing, the value of the Pepe token is approximately $0.00002597, reflecting a substantial increase of 21% in price over the past 24 hours. This single-day performance contrasts sharply with the token's trend over the past week.

According to CoinGecko data, PEPE's price surged nearly 27% over the past seven days. However, it is worth noting that for much of the past week, this altcoin was locked in a consolidation range around $0.000022.

From a broader time frame, PEPE's price trend is quite remarkable, having more than doubled in value in November. Data from CoinGecko shows that the price of this meme-inspired token has risen by over 140% in the past 30 days.

With a positive performance in September, PEPE's value briefly surpassed the $0.00001 mark, with investors anticipating a significant rise for this meme coin. However, in October, Pepe's price failed to meet expectations.

In November, the meme coin exhibited a parabolic trajectory, breaking below its previous all-time high of $0.00001665 and reaching a new high of $0.00002343. This bullish momentum coincided with the overall positive sentiment in the market, as Bitcoin continuously set new all-time highs.

Due to its explosive performance, several cryptocurrency exchanges, including Binance.US, have listed the popular Pepe meme coin on Thursday, December 5th. It appears that its listing on one of the largest cryptocurrency exchanges in the U.S. has helped restore its bullish momentum.

PEPE Market Cap Reaches $10 Billion

According to CoinGecko data, PEPE's market cap has now surpassed the $10 billion mark. This valuation makes the meme coin the 25th largest cryptocurrency in the digital asset space.

PEPE remains the third-largest token in the meme coin market. Nevertheless, it still trails behind Dogecoin and Shiba Inu, which have market caps of approximately $67.8 billion and $18.9 billion, respectively.