Pepe (PEPE), a meme-inspired cryptocurrency, has surpassed Dogecoin (DOGE) in trading volume, marking a significant milestone for the controversial digital currency.
According to data from CoinGecko, Pepe's 24-hour trading volume reached $434 million, compared to Dogecoin's $312 million.
Launched earlier this year, Pepe has quickly gained traction among traders, bolstered by its association with the popular internet meme character Pepe the Frog.
It should he noted that the once-neutral Pepe the Frog meme has been increasingly co-opted by extremist factions, who have used the character in offensive contexts.
Alex DovbnyaDespite these concerns, Pepe's roadmap has ambitious goals, focusing on growth, community engagement, and expanding its reach. The whimsical project aims to topple other popular meme-based cryptocurrencies, such as Dogecoin, by reaching key milestones. These include attracting over 100,000 holders.
With Pepe's recent accomplishments, including a higher 24-hour trading volume than Dogecoin and reaching the 91st highest market cap among cryptocurrencies, it seems that the project is making strides towards its objectives.
Arman Shirinyan
Vladislav Sopov
Dan Burgin
U.Today Editorial Team