PEPE Flips UNI and LTC, past $11 billion market cap to new record high.

Meme coin Pepe (PEPE) has reached a new high, surpassing Uniswap (UNI) and Litecoin (LTC) with a market cap of $11.37 billion.

This action comes as Bitcoin (BTC) crosses the $100,000 threshold for the first time, signaling a renewed wave of optimism in the crypto market.

PEPE It has risen 4.5% in the last 24 hours, reaching an all-time high of $0.00002708, per CoinGecko data. The property is now ranked 23rd in market value.

Meme coins have been booming this year, especially since the controversial Solana-based meme coin launchpad Pump.fun started allowing anyone to create tokens for free.

This year's rally has made PEPE one of the most watched tokens in the market, with a 150% increase in the last 30 days and up to 1,900% year-to-date growth.

Analysts attribute memecoin's continued success to a combination of whaling activity and increased accessibility on platforms like MoonPay.

Crypto analyst Ali Martinez reported Whalers increased their PEPE holdings by $1.14 billion over the weekend, nodding to strong institutional interest. Historically, such stocks have preceded price rallies as whales lay the foundation for bullish momentum.

The increase in whale activity comes with the integration of PEPE into MoonPay, now as a crypto payment service It allows More than 20 million users in 180 countries to purchase the token through platforms such as Apple Pay and Venmo.

With Bitcoin leading the charge and meme coins riding a wave of investor enthusiasm, the market is witnessing a restructuring of high-end digital assets.

Launched in April 2023, PEPE

The token initially gained a lot of attention as a community-driven project, gathering supporters who embraced the Internet culture lightly.

Edited by Sebastian Sinclair