Memecoin Pepe reached a $7bn market cap, ranking third after Dogecoin and Shiba Inu.
Pepe, a memecoin, reached a $7 billion market cap, making it the third memecoin after Dogecoin and Shiba Inu to achieve this milestone. The token gained around 135% in May and has returned 12X to its holders year-to-date. High trading volumes and interest from wealthy investors contributed to its success, with daily active addresses increasing by 17% in the last 24 hours.
May 27, 2024
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