Meme coin takeover: PEPE surpasses market value of all major NFT collections combined

PEPE's trading volume dwarfs blue chip NFTs with $1.3 billion in 24 hours. Pepecoin $PEPE is currently larger than all the major non-fungible token #NFT collections combined, user Stats highlighted on X. PEPE’s market cap is now over $6.2 billion and stands 10% above the total market cap of all profile picture (PFP) NFT collections.

Moreover, PEPE is also outclassing major NFT collections by daily trading volume, exhibiting a $1.3 billion volume in the last 24 hours against $12.8 million moved by the blue chips in the NFT sector