PEPE Mimi coins jumps 54% to lead the cryptocurrencies rally
PEPE's price has risen more than 50% against major meme coins Dogecoin and Shiba Inu.
The frog-themed meme token now surpasses Solana-based Bonk in market cap.
Pepe (PEPE) reacted strongly to Bitcoin's massive rally on Monday.
In the year As Solana-based meme tokens steal the show at the end of 2023, the meme coin that took a back seat is BONK, the third largest meme coin by market capitalization.
PEPE outperformed the top two meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) with 24-hour gains of 12% and 14% respectively.
Pepe: Is the frog sign back?
Dogwhiphat (YF) and Floki (Floki) have registered 43% and 35% respectively in the last 24 hours, which is still a big no-no for Pepe.
PEPE found that measurements on the chain indicated a resurgence of the frog meme. Last week, the token holder count increased from 155,735 on February 24th to 157,600 on February 27th. A new holder added nearly 2,000 in three days.
Interest in the meme coin can also come down to whale activity, with large accounts holding between $100,000 and $1 million in PEPE showing strong buying. In addition, PEPE is one of the recently added Robinhood Crypto tokens to be available in selected regions of the European Union.
Binance and a few other major exchanges have also highlighted PEPE, with Binance running a 700,000 PEPE promotion in its Easy Earnings program.
Pepe (PEPE) is currently trading at $0.0000002488.
