The obsession with Memecoins remains high, with Pepecoin at the forefront.

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The world of virtual currencies is abuzz with the emergence of new tokens inspired by popular internet memes, such as PEPE. These memecoins, like PEPE, have seen impressive growth and have outpaced other alternative cryptocurrencies. Since its launch, PEPE has achieved remarkable milestones and continues to rise without signs of slowing down.

Pepecoin breaks new records

The recent approval of Ethereum ETFs by the SEC has greatly benefited Pepecoin and Floki, increasing their prices by over 27% in just one week. Both of these altcoins follow the trends in the crypto market closely as they are built on Ethereum’s ERC-20 standard.

In the past month, there has been a surge in the number of blockchain addresses conducting transactions in Pepecoin (PEPE). According to IntoTheBlock data, the number of daily active addresses holding this meme cryptocurrency has increased by 230%, reaching 9,830. This rapid growth surpasses that of similar meme-based coins, with Floki’s active addresses increasing by 179% and Dogecoin’s addresses only growing by 10%.

Inspired by the famous Pepe the Frog meme created by Matt Furie in 2005, Pepecoin was launched last April and has since experienced a renewed popularity. Despite the risks and volatility associated with meme trends, Pepecoin has become a prominent player in the crypto market, proving that even the most unlikely assets can become successful on the blockchain.

The memecoin frog leaps to the top of the blockchain

While Wall Street was on break for Memorial Day, crypto traders were busy driving Pepecoin to a new high of $0.00001698. These impressive gains have led to a 1,000% annual rise for the memecoin.

However, on Tuesday there was a slight setback with a 4.8% drop. Despite this dip, the majority of PEPE holders are seeing paper gains, with 97% of them in profit and only 2.73% at break-even.

With the increasing acceptance of digital assets on Wall Street and the approval of related financial products, memecoins like Pepecoin continue to spark excitement and concern among experts. While industry leaders warn of potential risks, traders remain fascinated by these digital curiosities.

Ranked 22nd in terms of market cap at $6.75 billion, Pepecoin is making headlines for its impressive performance. It also ranks 7th for 24-hour trading volume, with $1.7 billion traded, putting it in the same league as top cryptocurrencies like Bitcoin, Ethereum, Solana, and stablecoins.

In conclusion, Pepecoin’s success reflects its determination to establish itself among the top players in the crypto market.

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DISCLAIMER: The opinions expressed in this article are solely those of the author and should not be considered as investment advice. Always conduct your own research before making any investment decisions.