PEPE Hits New All-Time High, Market Cap Surpasses $10 Billion

This bull cycle has been filled with the craze of meme coins, with prominent platforms like Pump.fun spawning new tokens almost every day. At the same time, popular meme coins, like Dogecoin, Shiba Inu, and PEPE, have continued their exponential growth trajectory.

PEPE, for instance, has now forged a new all-time high price of $0.00002644 less than a month after shattering its previous record-high price. This latest price spike highlights the bullish momentum the meme token has been enjoying over the past few weeks.

As of this writing, the value of the Pepe token stands around $0.00002597, reflecting an impressive 21% price surge in the past 24 hours. This single-day performance is in stark contrast to how the meme coin had moved all week long.

According to data from CoinGecko, the price of PEPE has soared by nearly 27% in the past seven days. However, it is worth noting that the altcoin was locked in a consolidation range around the $0.000022 region for most of the past week.

On a broader timeframe, the price action of PEPE has been remarkable, with the meme coin more than doubling its value in the month of November. CoinGecko data shows that the price of the meme-inspired token has increased by more than 140% in the last 30 days.

After a positive September, which saw the value of PEPE briefly cross the $0.00001 mark, investors expected the meme coin to take off. However, Pepe’s price failed to live up to expectations in the month of October.

In November, the meme coin went on a parabolic run to crash its previous all-time high of $0.00001665 and set a new one at $0.00002343. This bullish momentum coincided with the positive climate of the general market, which saw Bitcoin reach successive all-time highs.

As a result of its red-hot performance, various crypto exchanges, including Binance.US, have now listed the popular Pepe meme coin on Thursday, December 5. It appears that its listing on one of the largest crypto exchanges in the United States has helped renew its bullish momentum.

According to data from CoinGecko, the market capitalization of PEPE has now surpassed the $10 billion mark. This value places the meme coin as the 25th largest cryptocurrency in the digital asset sector.

PEPE retains its position as the third-largest token in the meme coin market. Nevertheless, it continues to trail Dogecoin and Shiba Inu, with market caps of roughly $67.8 billion and $18.9 billion, respectively.