PEPE jumps 54% to guide meme cash as cryptocurrencies rally

• PEPE worth rose greater than 50% to guide prime meme cash Dogecoin and Shiba Inu.
• The frog-themed meme token is now above Solana-based Bonk in market cap.

Pepe (PEPE) has had probably the most bullish response to Bitcoin’s large spike on Monday.

The meme coin, which had taken a backseat as Solana-based meme tokens stole the present in late 2023, has overtaken Bonk (BONK) into third spot amongst largest meme cash by market cap.

PEPE is outpacing Dogecoin (DOGE) and Shiba Inu (SHIB), the highest two meme cash which have posted 24-hour features of 12% and 14% respectively.

Pepe (PEPE): Is the frog token again?

Dogwifhat (WIF) and Floki (FLOKI) have registered 43% and 35% every up to now 24 hours, nonetheless off Pepe’s huge transfer.

PEPE has gained as on-chain metrics recommend a resurgence for the frog meme. Prior to now week, the token’s holders rely has elevated from 155,735 on February 24 to over 157,600 on February 27. New holder have elevated by practically 2,000 in simply three days.

Curiosity within the meme coin can also be probably all the way down to whale exercise, with giant accounts holding between $100,000 and $1 million in PEPE displaying aggressive shopping for. Additionally notably, PEPE is among the many tokens Robinhood Crypto lately added for availability in choose jurisdictions within the EU.

Binance and some different prime exchanges have additionally highlighted PEPE, with Binance working a 700,000 PEPE promotion in its Easy Earn program.

Pepe (PEPE) at present trades round $0.0000002488.