PEPE is back in action, and it’s bringing a whole squad of other memecoins along for the ride.
Over the weekend, PEPE skyrocketed to a new all-time high of $0.000026, pushing its market cap past $11 billion.
Frog frens
As of now, PEPE is trading at over $0.000026, reflecting a 17% jump in just 24 hours, so with a current market cap of about $11,1 billion, it has firmly established itself as the third-largest memecoin out there.
This year has been nothing short of spectacular for PEPE, with 1,538% increase since January. For some perspective, DOGE has only managed to gain 370% in the same timeframe.
Altcoins rise and shine
PEPE’s rally is happening alongside a bigger resurgence in the alt market, especially after Ethereum climbed back to $4,000 for the first time since March.
This recovery already generated much hype among traders, especially with the Altcoin Season Index hitting 89, signaling that altseason might just be kicking off.
Adding fuel to the fire, PEPE has recently been listed on major U.S. exchanges like Binance.US, which is no small feat given these platforms usually have quite strict criteria for listing memecoins due to regulatory concerns.
With Coinbase and Robinhood already on board, PEPE’s upside momentum seems unstoppable.
The pack
And it’s not just PEPE making waves,other dog-themed memecoins have also seen nice gains over the weekend.
BABYDOGE jumped by 33%, while DOG rose 16%. Other tokens like WIF, POPCAT, PNUT, and TURBO are also enjoying their moment in the sun with impressive gains.
Have you read it yet? The Rainbow Chart predicts $150k Bitcoin by January
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