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The frog-themed memecoin Pepe (PEPE) surged over 85% in the last 24 hours and surpassed a $1 billion market cap three weeks after it was first launched on April 14, 2023.PEPE memecoin price breaks $0.000003 on May 5. Source: CoinGeckoIronically, the core value proposition of PEPE is that there isn’t
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The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby's Ethereum Gas
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The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending. Source
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Negative funding rates indicate dominance of bearish positions in the perpetual futures market. Source
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Despite regaining much of its losses, there are reasons to believe that the coast is not yet clear for PEPE. The new meme token PEPE coin recently enjoyed a spell of fortune after its price surged by more than 2000% shortly after launching a few weeks ago. However, it appears that
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The new token based on “pepe the frog” meme remains one of the most researched tokens for users of blockchain analytics firm Nansen and price tracker CoinGecko. Source
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New meme-coin Pepe (PEPE) has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago.On May 3, the PEPE price dropped to $0.00000089, down about 35% from its record high of $0.00000138 established two days ago. As a result of the correction, its market
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PEPE's price action is reminiscent of dogecoin over the years with intense volatility being caused by an absence of liquidity or sustainable demand. The price of dogecoin dramatically fell on numerous occasions when hype began to subside. In this case, PEPE could face sell pressure when derivative markets go live
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On May 1, cryptocurrency exchange OKX announced that it would be listing memecoin Pepe (PEPE) at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote: “Pepe the Frog is a cartoon character and internet meme created by
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Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to a current valuation of
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