- Pepe has shown a massive increase of 73.28% in the last seven days.
- The memecoin has crossed the 125,000 mark in its holder count.
The world of cryptocurrencies has witnessed a fascinating evolution, with the rise and fall of various memecoins capturing the attention of investors in the crypto market. Pepe, the frog-themed memecoin, has recently experienced a significant surge in its trading price. The memecoin has captured the attention of investors and is experiencing an upswing in value. Pepe has shown a massive increase of 73.28% in the last seven days.
After the long memecoin season, the top cryptocurrency in the crypto market comes into play, making memecoin go down. The dominant memecoins, such as Dogecoin and Shiba Inu, are experiencing a downward trend. Pepe’s unexpected rise surprised the crypto market.
Pepe Achieves a Significant Milestone
On June 22, Pepe announced that the memecoin had achieved a significant milestone in its holder count. The official Pepe Twitter account posted that the memecoin has crossed the 125,000 mark in its holder count.
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today we celebrate breaching 125k on-chain $pepe holders
128.6k total, 121.9k on $ETH, 5.7k on $BNB, and 997 on $ARB pic.twitter.com/t2rUa6qver
— Pepe (@pepecoineth) June 22, 2023
As of now, there are 128,600 holders in total, with 121,900 on the Ethereum network, 5,700 on the BNB chain, and 997 on the Arbitrum network. This significant growth in the community of Pepe holders reflects the memecoin’s increasing popularity as well as its trading price.
The spike in the number of holders took place as Pepe’s price experienced a significant surge of 70% in a short period of time. The memecoin is surging upward as it sets to record its fourth consecutive day of advances.
A rising token holder count may be a sign of community expansion and also signifies a collective belief in its long-term potential. Holder count continues to be a crucial indicator of interest in a particular crypto asset.
Memecoin Shows an Unexpected Surge
Pepe showed a significant surge after the launch, making investors believe in the memecoin. The world’s largest crypto exchange, Binance, has listed the memecoin after the massive increase. However, after the Binance listing, the memecoin experienced a continuous decline. This raises the question of whether Binance listed memecoin too soon.
After that, the memecoin continued to show a decline in its trading price. The investors lost interest in Pepe as Binance Flexible Loan announced the delisting of Pepe as a borrowable asset. However, Pepe’s unexpected surge turned investors toward the memecoin again. The exponential increase in both value and trading volume captured the attention of investors seeking potential high-risk, high-reward opportunities.
While investors are focusing on Bitcoin, the world’s largest cryptocurrency by market capitalization, reaching the $30K mark for the second time in 2023, the popular memecoin Pepe’s recent surge turns investors back to the memecoin again. The remarkable surge takes the memecoin to the top of the gainer’s list.
At the time of writing, the trading price of the Pepe is around $0.000001564, with an increase of around 17.03% in the last 24 hours. The trading volume of the memecoin has experienced a massive increase of 52%, according to CoinMarketCap. The continuous surge strengthens Pepe’s position in the top 100 cryptocurrency lists on CoinMarketCap. Currently, Pepe holds the 63rd rank on CoinMarketCap. Moreover, it is expected to move above the top 50 sooner.
