PEPE’s market cap passes the $1 billion mark

The market capitalization of the token PEPE launched last month has surpassed 1 billion dollars this Friday while Binance will list the same corner in his innovation zone.

Like SHIB or DOGE, PEPE is a digital piece referring to a popular internet meme. For PEPE, it is the frog Pepe The Frog created by Matt Furie in 2005 and became a meme on the web in 2008. The image was later used as a mascot by “nationalist trolls”.

Launched in mid-April, the ERC-20 token, which basically has no use, registered a surge in price since then – for no apparent reason – and its market capitalization has now exceeded 1 billion dollars following the announcement of listing from the giant Binance.

Earlier this afternoon, the number 1 crypto-trading company said it would list PEPEas well as FLOKI, another same corner, in his innovation zone this Friday at 6pm (GMT) with USDT and TUSD pairs.

#Binance will list @pepecoineth $PEPE and @RealFlokiInu $FLOKI in the innovation zone.

➡️ https://t.co/yxcINj0whc pic.twitter.com/o4UTvWZkHj

– Binance (@binance) May 5, 2023

Liquidity pools of PEPE on the popular Uniswap DEX have recently become the most active in terms of number of transactions.

At the time of publishing this article, the market cap of the token, which proclaims itself “the most memorable meme corner ” on its website, displays more than 1.2 billion dollarsaccording to Coingecko. The number of holders has been rising sharply over the past week, according to data fromEtherscan.

As a reminder, the investment in the same corners is particularly risky. This type of tokens is indeed more prone to high volatility compared to more established assets like BTC and ETH.

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