meme token market; however, its worth has diminished from its all-time high . Just four days prior, on May 5, PEPE reached a pinnacle price of $0.00000431 per unit, but has since plunged over 50% from that position. Presently, its market valuation rests below $1 billion at $790 million, whereas on May 5, it ascended to an ATH of $1.8 billion.
Despite the devaluation, PEPE has still managed to soar by 3,456% since its all-time low on April 18, set only 22 days earlier at $0.000000055142 per unit. Additionally, the meme coin has gained over 500% in the past two weeks when compared to the U.S. dollar. Yet since May 5, gains have eluded PEPE’s grasp. Nevertheless, PEPE boasts $804 million in global trade volume within a day—ranking eighth among total crypto trade volumes.
Shifts have also occurred in PEPE’s rich list as larger whales aggregate the meme coin’s supply. Currently, there are, with the top ten wallets grasping 34.07% of all existing PEPE tokens. Among these leading holders are five exchanges—including Binance and Okx—owning the most extensive caches of PEPE relative to exchanges. The top 100 wealthiest PEPE addresses claim over 54% of the entire supply.has been trailing a downward trajectory in conjunction with the broader crypto economy.
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