Altcoin News- The new meme token PEPE price climbed about over 21,000%.
- Uniswap witnessing highest number of transactions today.
Today, while the global crypto market leaders Bitcoin (BTC) and Ethereum (ETH) were declining, the one-week-old frog-themed memecoin Pepe (PEPE) surged more than 41% in the last 24 hours. In comparison to BTC and ETH, Pepe coin is up 38% and 36%, respectively. Also, PEPE is the “talk of the town.”
Some traders on Crypto Twitter seem to be shifting their attention from leading memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) to the internet meme Pepe. The PEPE token was introduced on Sunday and has seen a significant price rally in value over the last three days, more than 21,000%.
Pepe Coin Price Surging Rapidly
The new meme token is also gaining popularity in cryptocurrency and social media communities. At the time of writing, Pepe traded at $0.0000002576 with a 24-hour trading volume of $76 million and a market cap of $101 million.
Further, PEPE triggered other small-cap meme coins, like Dogelon Mars and Baby Doge Coin, to briefly explode before reverting to their nominal values. Also, a drastic price rally in Pepe coin is helping cryptocurrency investors win big profits. One fortunate buyer turned $250 into $1.02 million in just four days.
Moreover, the decentralized cryptocurrency exchange Uniswap had its highest number of transactions today due to the PEPE token transactions. Trade volume on the exchange has increased by more than 66% since its peak.
Source: https://thenewscrypto.com/pepe-token-outperforms-top-cryptocurrencies-whats-the-reason/