PEPE Coin Hops to The Top
The PEPE Coin, a popular cryptocurrency, has seen a spectacular 15% leap in the last day, leaving famed meme coins like Dogecoin trailing in its wake. The climb in PEPE Coin’s value underscores its growing popularity among crypto enthusiasts.
Why This Leap Matters
The phenomenal ascent of the meme crypto corresponds with a wave of change in the broader market. Top-tier financial giants, such as BlackRock, WisdomTree, and Fidelity, recently sought Bitcoin spots. This exciting news has sent a positive shockwave through the crypto market, sparking substantial spikes in meme coins like DOGE and SHIB by 4% and 4.36%, respectively.
Data Speaks Volumes
CoinGlass data reveals that PEPE shorts worth $1.78 million have been liquidated in just 24 hours. This impressive figure forms part of the total $2.54 million worth of liquidations that have occurred.
PEPE Coin: Worth Its Weight
Presently, PEPE Coin is trading at a mere $0.0000017. This means that today, you could snap up a whopping 1 million PEPE coins for just $1.60.
The Story Behind the Leap
Launched on the Ethereum blockchain back in April, PEPE token swiftly gained momentum. By May 5, it boasted a market capitalization of over $1 billion. This sparked a deluge of new meme coins, many inspired by this frog-themed sensation.