The PEPE hype seems nowhere near its end, as its price shot up by over 90% over the past 24 hours.
Pepe coin (PEPE) – a token inspired by the popular internet meme of Pepe the Frog – skyrocketed by over 90% shortly after the crypto exchange OKX listed it on its platform.
The hype surrounding the asset has become so high that its market capitalization recently surpassed $450 million.
The Seychelles-based crypto exchange – OKX – announced the listing of PEPE on its spot trading markets. PEPE/USDT trading pairs will be available from May 1, whereas PEPE withdrawals will be allowed from May 2.
The price of the altcoin skyrocketed by more than 90% in the hours after the disclosure. Furthermore, it reached a market capitalization of over $450 million, placing it among the top 100 coins (according to CoinGecko data).
PEPE gained traction shortly after its launch in mid-April. At that point, its market cap was less than a million dollars. There were multiple stories at the time of certain crypto investors who pocketed mind-blowing profits in days.
As a result of social media-fueled hype and listing on other platforms, though, it has become one of the hottest topics in the world of crypto as of late.
The past week, even though it was quite unfavorable for the majority of the market, turned out to be positive for the memecoin, which has skyrocketed by 250% within that timeframe.
Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.
