The digital swamp’s got a new prince as PEPE, the frog-faced memecoin, hopped clean over Dogecoin (DOGE) in weekly profits. With a few heavyweight exchanges suddenly unveiling plans to drop PEPE on their listings, meme coin fever hit the roof. The Republicans grabbed the win, markets got bubbly, and it all pushed meme coins back to the frontlines.
PEPE Blows Up the Market Cap Chart
It didn’t take long—PEPE’s market cap catapulted to $10 billion, putting it on a collision course with the big dogs. DOGE still reigns at $56 billion, but the frog’s leap came fast. Robinhood and Coinbase, the two U.S.-based crypto mammoths, gave PEPE a thumbs-up, triggering an instant swarm of retail investors rushing the gates.
Trading volume on PEPE’s ticker went haywire, clocking in $24 billion in barely a few hours after the news broke. Meanwhile, Dogecoin kept things steady, posting $28 billion in 24 hours. PEPE’s price blasted to a never-seen-before $0.00002299 this Wednesday, cruising past its previous peak from May, say the CoinGecko sages.
Meme Coin Whirlwind Whipped by Election Buzz
Meme coins are catching a second wind, charged by a Republican win that’s sparking all sorts of speculation. DOGE’s been going ballistic since the early days of November, juiced by the occasional name-drop from Tesla’s top honcho, Elon Musk, who hinted and nudged during President-elect Trump’s campaign. DOGE hit $0.40 at the top of this rally—a price it hasn’t touched since the good ol’ 2021 bull days. But PEPE, the plucky underfrog, broke into the top 20 by market cap, making big waves for the first time.
Analysts Stir the Crypto Cauldron
Crypto prophets are rubbing their crystal balls, foreseeing more mayhem in PEPE’s future. Daan de Rover, CryptoSea’s main navigator, gave his prediction on X, saying, “The PEPE breakout starts now,” pointing at a possible 900% surge still waiting in the wings.
Newcomer Meme Coins Crashing the Scene
The meme coin jungle ain’t PEPE and DOGE’s playground alone anymore. Binance just added Solana-based jokecoins ACT and PNUT, which shot up to a staggering 1,300%. With fresh meme tokens crowding the scene, old favorites might need to watch their back. PEPE, launched back in April 2023 and rooted in Matt Furie’s legendary 2005 meme, has become an unlikely hero—slow and steady morphing into a behemoth.
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