$PEPE Hits $7 Billion Market Cap, Achieves 3 ATHs Over Past 7 Days, Flips MATIC on Ethereum

May 27, 2024, 06:39 AM

$PEPE, a popular Ethereum-based memecoin, has reached a new all-time high (ATH) with a market capitalization of $7 billion. The coin has seen significant growth over the past week, with a 73% price surge, making it the top gainer on CoinMarketCap over the past 7 days. The number of $PEPE holders has also increased, with over 2,085 new holders today. Additionally, $PEPE has flipped Polygon's $MATIC to become the second-largest token on the Ethereum network, trailing only $SHIB. The coin's trading volume has surpassed $50 million on the Solana blockchain, and it continues to show strong momentum. Notably, a whale recently withdrew 1.32 trillion $PEPE, worth $21.8 million, indicating high investor interest. The broader cryptocurrency market is also bullish, with Ethereum nearing $4,000 and Bitcoin surpassing $70,000. $PEPE achieved 3 ATHs over the weekend.