Pepe Coin (PEPE), a meme-inspired cryptocurrency, has been making waves in the crypto market with its staggering gains in the last 30 days. The coin has surged 2,300%, surpassing the likes of Dogecoin and Shiba Inu in terms of performance.
In the past 24 hours alone, PEPE has gained 75%, with its current trading price at $0.0000012. The meme coin reached its all-time high levels at $0.0000014 on Monday morning, highlighting its potential for high returns in a short amount of time.
According to CoinMarketCap, PEPE has even outperformed Dogecoin in terms of trading volume, with a whopping $566 million in volume compared to DOGE’s $271 million in the last 24 hours. This is a significant feat for a relatively new cryptocurrency in the market.
It’s worth noting that on Monday, PEPE was ranked second in trading volume, with Dogecoin taking the lead. However, the fact that PEPE was able to surpass Dogecoin in volume at any point shows the growing interest and support for this meme coin.
Despite the risks involved in investing in meme coins, Pepe Coin received backing from the Huobi crypto exchange, which added PEPE/USDT perpetual futures on its platform on April 26. This move highlights the growing acceptance of meme coins in the mainstream crypto market.