The Frog Coin PEPE is Making Waves in the Meme Economy. Dogs rule the world.
Pepe the Frog meme coin, pepe (PEPE), has emerged as a serious competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) in the meme token arena.
PEPE has risen by 900% in the last week, making it the third-largest meme token, after only Shiba and Dogecoin. The token has increased by more than 80% in the last 24 hours.
PEPE has come a long way since its all-time low of $0.00000005514 per unit on April 18, when it recorded a 5,102% increase. Over the last 24 hours, the meme token has traded at prices ranging from $0.00000152 to $0.00000302.
The token has a circulating supply of 420 trillion PEPE and a global 24-hour trade volume of $818 million.
PEPE was sixth in terms of trade volume on Friday, trailing only tether, bitcoin, ethereum, usd coin, and binance usd.
PEPE has nearly 100,000 holders, with the number of addresses holding the token on Friday reaching 90,683.
The top 10 locations, however, control a sizeable slice of the PEPE supply, accounting for 20%. In fact, the top 100 richest PEPE addresses control nearly half of the token’s supply (43%).
The green frog crypto asset has clearly made its mark in meme-coin land, in a meme economy dominated by dogs.
