However, there were reasons for this change in sentiment. According to the crypto market intelligence provider, PEPE became the fastest-$1 billion market capitalizationInstead, holders’ growth took only 22 days to surpass the 100,000 milestone. Pepe took a much shorter period thanThus, it was clear that participants in the market got wind of the PEPE potential earlier than any other meme despite initial skepticism.
And therefore, this created higher volatility, and increased demand for the cryptocurrency. Typically, increased demand for ETH leads to congestion, and most times— an unavoidable hike in gas fees.on Decentralized Exchanges pending PEPE’s listing on Centralized Exchanges .But since MEXC led the way to listing, and Binance also got passed the baton, most PEPE trading now occurred on CEXes.Needless to say, this pushed up PEPE’s adoption since 8 May.
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