It is a cryptocurrency that, after making a huge jump in its price, is ready to surpass the main memecoins.
PEPE, the token with the image of a frog, reached a new price maximum after rising more than 300% over the weekend. It now ranks in the top 100 and became the third most important memecoin behind DOGE and SHIB. This happened after being listed by the OKX cryptocurrency exchange.
The memecoin was launched two weeks ago, and between Saturday and Sunday it shot up 320%. In turn, in the last 24 hours its market capitalization was above $550 million for the first time.
As a result, PEPE managed to enter the top 100 of main digital assets and it is located at number 93 in the ranking, according to data from CoinGecko.
PEPE, which came to life in mid-April, is an ERC-20 Ethereum token that is inspired by the cartoon and famous internet meme “Pepe the Frog”whose design shows a green anthropomorphic frog with a humanoid body.
The creators defined it as the “most memorable memecoin that exists” and ensures that “dogs have had their day”, referring to Shiba Inu. Even Google Trend metrics indicate that searches for the term “pepecoin” peaked the week of April 16.
Pepecoin was listed by OKX, a well-known centralized exchange, a news that gave it notoriety and momentum to investors.
Source: Ambito
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