$PEPE Flips $APT, Reaches New ATH Against $ETH, Strong Trading Volume

May 11, 2024, 02:08 AM

The cryptocurrency $PEPE, a meme coin associated with Ethereum, has recently outperformed its counterpart, $ETH, achieving new all-time highs (ATH) in its trading value against $ETH, reaching a new ATH of 0.3. Notably, $PEPE has also surpassed $APT in market capitalization. Despite the broader market conditions, including a retrace in other cryptocurrencies since mid-April, $PEPE has shown remarkable resilience with daily trading volumes ranging between $600 million and $1.2 billion. This strength is attributed to the growing trust in meme coins and the anticipation that Ethereum will perform strongly soon.