PEPE’s price surges by over 16% as meme coins rose, with Floki and Shiba Inu among the top gainers
Release: 2024/09/28 14:09 Reading: 515
Pepe's (PEPE) Price Skyrockets
Pepe's (PEPE) price has surged over 15% in just 24 hours, fueled by a significant investment from Arthur Hayes, former CEO of BitMEX. This surge comes amidst a broader rally in the meme coin market.
As of now, PEPE trades at $0.00001047, having briefly reached an intraday high of $0.00001071. The trading volume has increased by 34%, surpassing $1.3 billion.
The surge has propelled PEPE's market cap to $4.4 billion, making it one of the top gainers among the 100 largest cryptocurrencies by market cap.
Other notable meme coins, including Floki (FLOKI) and Shiba Inu (SHIB), have also experienced gains of 14% and 13%, respectively.
Analysts believe PEPE has broken its downtrend, indicating potential for further growth. Arthur Hayes has not only increased his stake in Aethir (ATH) but has also invested $250,000 in PEPE through Binance.
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