In a striking development within the cryptocurrency sphere, Pepe Coin, a digital currency inspired by a popular frog meme, has soared to an $11 billion market capitalization, outpacing the market cap of Uniswap’s token UNI. This milestone represents a significant leap from its initial market cap of $591 million at the beginning of the year, illustrating an impressive growth trajectory.
Currently valued at $0.0000266, Pepe Coin has enjoyed a 16.8% increase in the last 24 hours and a 26% rise over the past week, according to CoinMarketCap. The meme coin, launched in 2023, has rapidly climbed the ranks to join the top 20 cryptocurrencies in terms of market capitalization, competing alongside well-known tokens like Dogecoin and Shiba Inu.
Pepe Coin’s surge is attributed to its complete circulation of 420 trillion tokens and its listing on Binance.US, which played a pivotal role in its market popularity. This performance has sparked investor interest, with some analysts predicting its market cap could reach between $15 and $20 billion in the near future.
Despite facing competition from new entrants like Wall Street Pepe, Pepe Coin’s notable rise in the cryptocurrency market highlights the volatile yet dynamic nature of meme coins and investor appeal for speculative assets.
