PEPE Market Cap Hits $11 Billion, Price Reaches Record High

The PEPE coin is making waves in the crypto world once again, and it’s not afraid to show off its impressive market cap. Recently, PEPE reached a record high of $0.000026, raising its market cap to over $11 billion—truly unprecedented for this frog-themed meme token.

In the last 24 hours alone, PEPE has spiked by 17%, now trading at about $0.000025. This surge has propelled it to become the third-largest meme coin, outperforming many other top 100 crypto assets with a staggering 1,538% year-to-date increase. For comparison, even the famous Dogecoin (DOGE) has only seen a 370% increase during the same period.

PEPE’s recent price surge is part of a broader revival in the altcoin market, fueled by Ethereum’s climb above $4,000—the first time since March. This resurgence has bolstered traders’ confidence, especially with indicators like the Altcoin Season Index hitting a robust 89, signaling the beginning of an altcoin season.

Support from major US exchanges like Binance.US, Coinbase, and Robinhood has also played a key role in PEPE’s upward trajectory. Despite the usual strict criteria these platforms have for listing meme coins due to regulatory concerns, they have welcomed PEPE trading with open arms.

And PEPE isn’t the only meme coin making headlines. Other dog-themed tokens like Baby Doge Coin (BABYDOGE) and DOG•GO•TO•THE•MOON (DOG) saw significant gains as well. Alongside them, tokens like Dogwifhat (WIF), Popcat (POPCAT), Peanut the Squirrel (PNUT), and Turbo (TURBO) all posted notable increases.

So, if you’re keeping an eye on meme coins, it seems like PEPE is leading the pack with its impressive market cap and price performance. Keep an eye on this space for more exciting developments!