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The memecoin Pepe has marvelously entered into the list of top 100 cryptocurrencies by marketcap with a massive gain of 2270%. While traders are keeping their distance from big cryptocurrencies like Ethereum and Bitcoin, this memecoin has piqued their interest.
Since its launch amid weak market sentiments, the growing popularity has flowed in lot of money in the token resulting in a market cap jump from zero to $540 million over the past 15 days.
According to CoinGecko data, Memecoin’s market capitalization currently stands at $524 million with a 110% overnight gain.
The incredible growth of PEPE Coin placed PEPE Coin as the third largest memecoin in the world by market cap. The journey to the 3rd rank in MemeCoin was not easy, but investors will have to struggle a lot to take the coin to the 2nd rank.
Will PEPE Continue to Rise this Week?
The above hourly chart shows the bullish growth in PEPEcoin as buyers are celebrating the monthly high of $0.000001440. Traders have been started to show interest in Pepe coin as the trading volume has increased by 200%.
Looking at the raising popularity, centralised crypto exchange like OKX has started to list it on their market.
#Memecoin New Listing Update
PEPE/USDT Spot Trading: 9:00 am May 1 (UTC)
Details: https://t.co/jzMvhs0QaH pic.twitter.com/VRnX3glD5Q
— OKX (@okx) May 1, 2023
As of May 1st, only the PEPE/USDT pair is available on the OKX exchange. Coincidently the PEPE Memecoin surged 75% in the intraday trading session while the current price is $0.00000126.
Also read: Can ‘Pepe the Frog’ Meme Coin turn $250 into $4M before April ends?
Big Money Bags for Early Investors
PEPE Memecoin shines like a star among traders after generating incredible returns in a very short span of time. We can observe by the statistics how much profit investors have made from PEPE Coin. Dimethyltryptamine.eth added approximately 5.4 trillion PEPE with a cost of 0.125 ETH, roughly $250, on April 14.
dimethyltryptamine.eth bought 5.4T $PEPE for 0.125 ETH ($250) on 14th April.
Since then he sold 1.5T for 500 ETH+ and still holds 3.9T PEPE worth $4.15M at current prices.
Ladies and gentlemen: Crypto! pic.twitter.com/bnJlhJtxgq
— Loopify
(@Loopifyyy) May 1, 2023
So far Dimethyltryptamine.eth has sold 1.5 trillion PEPE coins from accounts of over 500 ETH and holds 3.9 trillion memecoins, a total valuation of $4.15 million at current prices.
Final Thought
Ethereum-based PEPE coin is likely to remain at the current price level until cryptocurrency giants like Bitcoin and Ethereum show bullish momentum.
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