2-Week-Old Pepe Coin Records 300% Rise, Becomes 3rd Largest Meme Coin

Summary

• Pepe Coin (PEPE) is a two-week old meme coin that has gone on an impressive run.
• It has become the third largest meme coin by market cap, behind Dogecoin and Shiba Inu.
• PEPE prices have risen over 120% in the last day and more than 300% over the past week.

Pepe Coin Records Massive Run

Pepe Coin (PEPE), is a two-week old meme coin that has been able to mint a good number of millionaires and continues to exceed expectations. It recently crossed the half billion dollar market cap, making it the third largest meme coin in the space after Dogecoin (DOGE) and Shiba Inu (SHIB). Over the weekend, PEPE saw a drawdown but recovered all its losses on Monday morning.

Outperforming Other Cryptocurrencies

The digital asset’s price has now risen above $0.000001 level, with its current market cap of just below $600 million. This makes it larger than some of its predecessors such as Floki Inu (FLOKI), Baby Dogecoin (BABYDOGE), and Dogelon Mars (ELON). However, it is still far from SHIB’s at $5.9 billion or Dogecoin’s at $10.9 billion. PEPE’s rise has seen it outperforming even other large cryptocurrencies like Bitcoin and Ethereum which are currently seeing declines in their prices.

Growing Holder Base

Over 15,000 new holders were added to PEPE during this period increasing its total holder base to 65,298 at present with more than 420,000 transfers already executed on-chain since launch.

Conclusion

PEPE continues to be one of the most successful meme coins around despite being only two weeks old. It remains second only to DOGE and SHIB in terms of market caps but continues to outperform them both in price performance over recent days and weeks. Moreover, its growing holder base indicates that investors remain bullish about PEPEs future prospects despite any short term volatility..