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Pepe reaches new historical record and rises 98.8% in one month
Pepe (PEPE), the popular frog-themed meme coin, continued its uptrend, rising over 10%. In recent days, Pepe’s price has risen, reaching new all-time highs (ATHs) several times.
In the last 24 hours, Pepe’s price jumped more than 10% to $0.00001577, marking a new ATH and maintaining a strong streak of performance over the last three months.
Despite the impressive rise, profit-taking by sellers pushed Pepe’s price back to $0.00001501, which was still 6.64% above the level from 24 hours ago.
PEPE 24 hour price chart | Source: CoinMarketCap
Data from CoinGecko shows that last week, Pepe rose 55.8% and, in the last month, it soared 98.8%, regaining its position as third largest meme coin by the market capitalization of Dogwifhat (WIF).
Interestingly, Pepe’s price jump was accompanied by a reversal in its 24-hour trading volume, which was $1.469 billion, a 36.90% drop from the previous day.
Despite the fall, data from Binance revealed that Pepe was still one of the most traded crypto assets in the last 24 hours, surpassed only by BNB Coin (BNB), Bitcoin (Bitcoin) and Ethereum (ETH).
The 10 most traded cryptocurrencies | Source: Binance
Top Meme Players
Pepe remains the most traded meme coin, far surpassing the likes of Shiba Inu (SHIB), Floki (FLOKI) and Dogecoin (DOGE).
But among the other big meme players, only SHIB, WIF and Bonk (BONADO) has recorded any green in the last 24 hours.
- SHIB rose a modest 1.08%
- Bonk managed an even smaller drop of 0.30%.
- WIF has performed much better, gaining 3.30% to trade at $2.95 at the time of writing.
Over the course of seven days, the gains look much healthier.
- DOGE rose 8.71% in this period
- WIF and BONK gained 16.39% and 46.78% respectively.
- Floki is up 12.67% in seven days (but in the last 24 hours it has lost 0.36% of its overall value).
Overall, the best performers in the meme coin market over the last 24 hours have been lower cap coins like Samoyed (SAMO), Cheeses (CHEESES) and catwifhat (CWIF).
According to data from CoinMarketCap, Samoyed closed the day with a 44.71% increase in its price, with CHEEMS gaining 33.85% and CWIF increasing 30.09% to trade at $0.000001321.