PeiPei, an Ethereum-based meme coin, has become the top gainer among the 500 largest cryptocurrencies. Despite a period of low buying pressure and market consolidation, PeiPei has shown strong performance.
This week has been particularly good for PeiPei, which saw an 11.14% increase on Monday, reflecting its resilience as the crypto market stabilizes.
PeiPei Emerges as Top Gainer Among Top 500 Crypto Assets
PeiPei, an Ethereum-based meme coin, has surged as the top gainer among the 500 largest cryptocurrencies. This positive trend follows a broader market recovery, which was aided by a reduction in Bitcoin’s selling pressure. PeiPei had previously suffered a significant decline, dropping 43% from its all-time high of $0.00000002960 on July 1 to $0.00000001691 on July 6 amid a market-wide downturn.
PEIPEI price – July 10 | Source: Santiment
However, PeiPei capitalized on the market rebound, experiencing a 28.23% increase on July 9 and continuing its upward momentum into the next day. The token hit a new all-time high of $0.00000003230 earlier today, recovering from the recent correction. Despite a sharp pullback from this peak, PeiPei has maintained a 9.89% gain this morning and a 42% increase over the past 24 hours.
The meme coin’s market capitalization has surged to $119 million, making it the 300th largest cryptocurrency. This impressive performance positions PeiPei as the biggest gainer among the top 500 crypto assets.
PeiPei’s Surge and Social Volume Growth Highlight Its Rising Popularity
PeiPei, the Ethereum-based meme coin, has seen a significant increase in social volume amid its recent price surge. The token has climbed the ranks to become one of the top trending assets on CoinMarketCap, CoinGecko, and crypto exchange Crypto.com. This heightened attention has driven a 65.76% rise in its 24-hour trading volume, reaching $190.06 million, reflecting growing investor interest.
Since its launch in June, PeiPei has experienced an impressive 771% increase in value, with a notable 53.94% gain in just the past week. The token is currently trading at $0.00000002940.
PeiPei has secured listings on over 12 centralized exchanges, including MEXC, Bybit, and Gate.io. The project recently announced a partnership with Brazilian UFC fighter Gilbert Burns, adding to its visibility.
Despite these achievements, PeiPei is still in the early stages of establishing itself in the crypto space. Information about its founders is scarce, and its roadmap remains vague. As a result, investors are advised to exercise caution.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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