Meme Coin PEPE's Market Cap Surpasses $1B with 896% Surge Over the Past Week – Altcoins Bitcoin News

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In just seven days, statistics show the meme-themed crypto asset PEPE has skyrocketed by 896% against the U.S. dollar.

PEPE has come a long way since its all-time low of $0.00000005514 per unit on April 18, recording a spike of 5,102%. Currently, the meme token is being traded at prices ranging from $0.00000152 to $0.00000302 over the last 24 hours. With a circulating supply of 420 trillion PEPE, the token has amassed a global 24-hour trade volume of $818 million. On Friday, PEPE ranked sixth in terms of trade volume, trailing only tether, bitcoin, ethereum, usd coin, and binance usd.

PEPE has been making waves on various exchanges, including Binance and Okx, but it is Uniswap v2 that has emerged as the most active PEPE exchange today. The token’s global trade volume has also surged by 205.80% since the day prior. With almost 100K holders, PEPE has garnered a lot more holders, as the number of addresses holding the token on Friday was 90,683. However, the top ten addresses control a significant portion of PEPE’s supply, accounting for 20.31%.

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Whales take profits on pepe’s surge, market cap drops nearly $200 million: NansenMeme coin pepe's market cap plunges as whales dump the token, according to Nansen.
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