Pepe (PEPE), the popular frog-themed meme coin, is on a bull run, rising by over 10%. Over the past few days, the price of Pepe has skyrocketed, hitting new all-time highs (ATHs) multiple times.
In the past 24 hours, Pepe's price has increased by over 10% to $0.00001577, hitting a new record high and continuing its strong performance over the past three months.
Despite the impressive rally, profit-taking by sellers pushed the price of Pepe back down to $0.00001501, still 6.64% higher than its level 24 hours ago.
Pepe has risen 55.8% in the past week and surged 98.8% in the last month, reclaiming its position as the third-largest meme coin by market cap from Dogwifhat (WIF), according to data from CoinGecko.
Interestingly, Pepe’s price increase was accompanied by a reversal in 24-hour trading volume, which was $1.469 billion, down 36.90% from the previous day.
Despite the drop, data from Binance revealed that Pepe was still one of the most traded crypto assets in the past 24 hours, behind BNB Coin (BNB), Bitcoin (BTC), and Ethereum (ETH).
Major Meme Players
Pepe continues to be the most traded meme coin, far ahead of Shiba Inu (SHIB), Floki (FLOKI), Dogecoin (DOGE), and others.
However, among the other major meme stocks, only SHIB, WIF and Bonk (BONK) were in the green in the past 24 hours.
- SHIB up slightly by 1.08%
- Bonk achieved an even lower rate of 0.30%.
- WIF's performance has improved significantly, trading at $2.95 at the time of writing, up 3.30%.
In 7 days, the weight gain appears much healthier.
- DOGE rose 8.71% in that period.
- WIF and BONK rose 16.39% and 46.78%, respectively.
- Floki has risen by 12.67% over the seven days (although in the last 24 hours its overall value has fallen by 0.36%).
Overall, the best performers in the meme coin market over the past 24 hours were lower cap coins such as Samoyed (SAMO), Cheems (CHEEMS), and catwifhat (CWIF).
Samoyed closed up 44.71%, CHEEMS gained 33.85% and CWIF rose 30.09% to trade at $0.000001321, according to data from CoinMarketCap.
