- PEPE token surpasses $11.37 billion market cap, moving ahead of Uniswap and Litecoin.
- Token price reached $0.00002708, marking a 4.5% increase in 24 hours.
- Institutional investors added $1.14 billion worth of PEPE over the weekend.
- MoonPay integration enables PEPE purchases across 180 countries.
- Year-to-date gains stand at 1,900% amid broader crypto market rally.
PEPE Token Surges Past Major Cryptocurrencies as Bitcoin Crosses $100,000
The Ethereum-based meme cryptocurrency PEPE has achieved a significant milestone, reaching a market capitalization of $11.37 billion and surpassing established cryptocurrencies Uniswap (UNI) and Litecoin (LTC). The achievement coincides with Bitcoin’s historic breakthrough above $100,000.
According to CoinGecko data, PEPE’s price hit $0.00002708, representing a 4.5% increase over 24 hours. The token now ranks 23rd by market capitalization, demonstrating substantial growth since its April 2023 launch.
Institutional Interest and Accessibility
Cryptocurrency analyst Ali Martinez identified significant institutional activity, with whale investors accumulating $1.14 billion worth of PEPE over the weekend. This institutional interest has historically preceded price increases for the token.
The asset’s accessibility expanded through MoonPay’s integration, allowing over 20 million users across 180 countries to purchase PEPE using conventional payment methods like apple Pay and Venmo.
Market Performance and Origins
PEPE’s recent performance includes:
- 150% price increase over 30 days
- 1,900% gain year-to-date
- Ranking advancement to 23rd position by market cap
The token, based on Matt Furie’s 2005 “Pepe the Frog” internet meme, has benefited from broader market momentum and increased activity in the meme coin sector. This growth parallels developments like the Solana-based meme coin launchpad Pump.fun, which enables free token creation.
The surge occurs during a period of renewed cryptocurrency market Optimism, marked by Bitcoin’s unprecedented price levels and increased institutional participation in various digital assets.
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