The cryptocurrency market is currently witnessing a powerful meme coin frenzy, with PEPE taking center stage by achieving a record-high price and surpassing a $10 billion market capitalization. This phenomenon not only underscores the explosive growth of meme coins but also marks a significant bull run in the digital asset landscape.
PEPE Sets a New Price Record
Within just a month, PEPE has reached a new peak price of $0.00002644, surpassing its previous all-time high. As of now, the token is trading at $0.00002597, reflecting an impressive 21% surge in the past 24 hours and a remarkable 140% gain over the past 30 days. This achievement stems from a mix of bullish market sentiment and vibrant speculative activity among investors.
Earlier, PEPE experienced a period of consolidation around the $0.000022 level. However, a turning point came in November when the token’s price doubled, solidifying its position in the meme coin market and exceeding investor expectations.
Driving Growth Factors
PEPE’s meteoric rise has garnered attention not only from retail investors but also from major exchanges. Binance.US’s listing of PEPE on December 5 significantly boosted the token’s momentum, enabling its continued upward trajectory. Additionally, the positive market atmosphere, with Bitcoin hitting consecutive all-time highs, has further reinforced confidence in digital assets.
Market Cap Surpasses $10 Billion
According to CoinGecko data, PEPE’s market capitalization has now exceeded $10 billion, making it the 25th largest cryptocurrency in the world. While it still trails Dogecoin and Shiba Inu in market cap, PEPE has established itself as one of the most noteworthy meme coins today.
The PEPE craze vividly illustrates the allure of meme coins and the evolving investment dynamics of the cryptocurrency market. Will this growth trajectory persist, or will this represent a high point that’s hard to replicate? The answer will depend on broader market trends and sustained interest from the community.
