Main navigation

Pepe (PEPE) Smashes Big Milestone as Price Gains 88%

Advertisement
Thu, 22/06/2023 - 17:00
Pepe (PEPE) Smashes Big Milestone as Price Gains 88%
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Pepe (PEPE), the frog-themed meme cryptocurrency, has smashed a big milestone in its holder count.

Advertisement

The official PEPE Twitter account makes it known that the crypto asset has crossed 125,000 in its holder count.

Currently, there are a total of 128,600 holders: 121,900 on the Ethereum network; 5,700 on the BNB chain and 997 on the Arbitrum network.

Holder count remains a key metric for gauging interest in a particular crypto asset. An increasing token holder count might suggest community growth and support, thus indicating success in the long run.

PEPE is a meme coin with no intrinsic value or expectations of financial returns. According to its website, "There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only." Thus, it might be said that most token holders are mostly engaged in speculation.

The increase in holder count comes as PEPE made a major price move, gaining 88% in a matter of days. Based on its charts, PEPE is charging to the upside as it is set to mark its fourth consecutive day of gains since June 19.

PEPE began its increase from a low of $0.00000091 on June 19 to reach intraday highs of $0.0000016 on June 22.

Related

According to CoinMarketCap, PEPE was trading at $0.0000015 at the time of writing, up 51% from the previous day. The frog-themed cryptocurrency increased by 88% in the past week.

The 24-hour trading volume for PEPE increased by 319% and saw $900 million worth of trades during that time. This comes as traders seek to make profits from the recent market volatility.

PEPE saw exponential price growth a month after launching in late April 2023. It soon rose higher in the market cap ranking, securing a position in the top 100.

Though prices declined subsequently, PEPE saw a surprising comeback with the latest price surge. The token has shot up in the crypto rankings, sitting in 63rd place with a market capitalization of $590 million.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD