PEPE Coin Soars 27% in a Week Fueled by New Listings on Cryptocurrency Exchanges, Outperforming Dogecoin and Shiba Inu

The cryptocurrency with a frog motif, Pepe PEPE/USD, has recently surpassed other meme-based cryptocurrencies, reporting impressive performance over the past week.

Developments: Leveraging the Ethereum blockchain, the ETH/USD–compatible Pepe coin experienced a surge of more than 27% just this week. With this rise, it not only emerged as the top-performing meme coin, but also crossed a market cap exceeding $2 billion.

Compared to other established names in the meme coin market, such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD, which saw growth of just 3.51% and 4.80% respectively, Pepe stands out distinctly.

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Pepe’s growing popularity and market presence were further boosted last week after it was incorporated into Binance.US, the American branch of the crypto exchange giant Binance BNB/USD. Prior to that, it had been listed on prominent trading platforms in the U.S. including Coinbase and Robinhood.

Boosted by the overall market upswing, the meme coin with a valuation now around $11 billion has ridden the wave of a broader market rally that has seen Bitcoin BTC/USD surpass the significant $100,000 threshold.

Over the course of the last month, Pepe’s value has rocketed by more than 150%, driven by widespread anticipation of favorable industry policies from the incoming administration of President-elect Donald Trump.

Focusing on the past day alone, IntoTheBlock data reveals that the total amount held by Pepe’s long-term investors grew by 4.4%, a sign often interpreted as indicative of a bullish trend.

Current Trading Status: At the time of writing, Pepe is valued at $0.00002645, showing a modest uptick of 0.87% in the preceding 24-hour period, according to Benzinga Pro data.

Image Credit: Akif CUBUK/Shutterstock.com

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