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- The new meme token PEPE price increased by over 21,000%.
- Uniswap is experiencing the highest transaction volume today.
Today, as the leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) faced declines, the recently launched frog-themed memecoin Pepe (PEPE) surged more than 41% within the last 24 hours. In comparison to BTC and ETH, the Pepe coin has risen by 38% and 36%, respectively. Additionally, PEPE has become a prominent topic of discussion.
Some traders on Crypto Twitter appear to be redirecting their focus from established memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) to the internet meme Pepe. The PEPE token was launched on Sunday and has experienced a remarkable price increase over the past three days, exceeding 21,000%.
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Pepe Coin Price Increasing Rapidly
The new meme token is also gaining traction within cryptocurrency and social media circles. At the time of this report, Pepe was trading at $0.0000002576, with a 24-hour trading volume of $76 million and a market capitalization of $101 million.
Pepe (PEPE) Price Chart (Source: CoinMarketCap)
Furthermore, PEPE has prompted other small-cap meme coins, such as Dogelon Mars and Baby Doge Coin, to experience brief surges before returning to their previous values. Additionally, the significant price increase of Pepe coin is enabling cryptocurrency investors to realize substantial profits. One fortunate investor transformed $250 into $1.02 million in just four days.
Moreover, the decentralized cryptocurrency exchange Uniswap recorded its highest transaction volume today, largely due to PEPE token trades. The trading volume on the exchange has risen by over 66% since its peak.
