2024-12-09
Pepe memecoin has achieved a
significant milestone, surpassing Uniswap's UNI token in market capitalization
to rank 20th most valuable crypto by market cap and reaching an all-time high.
As of December 7, 2024, Pepe boasts a
market cap exceeding $11 billion, compared to Uniswap's $10.6 billion. This
marks an impressive 18x growth from its market cap at the beginning of the
year.
This year has been a meteoric rise for the frog-themed memecoin, which started the year with a market cap of approximately $591 million. Since January 2024, its market cap has grown roughly 18x.
Launched in 2023, Pepe capitalized on
the memecoin trend popularized by Dogecoin (DOGE) and Shiba Inu (SHIB).
Despite being marketed with "no
intrinsic value," Pepe has gained significant traction among traders,
experiencing over 7,000% growth since inception.
The growing interest in Pepe led to Binance
listing the token, this further boosting its visibility and accessibility.
