Pepe Coin PEPE Soars The Best Performing Memecoin in the Last 24 Hours

Bittime - Pepe Coin PEPE saw a significant price spike on Tuesday, driven by Bitcoin's recovery. With an increase of more than 11 percent last Tuesday night, PEPE became the best performing large cap memecoin in the last 24 hours. This Ethereum-based coin was also the second most traded memecoin in the same period.

What is Pepe Coin PEPE

Pepe Coin PEPE is an Ethereum-based cryptocurrency inspired by the internet meme Pepe the Frog created by Matt Furie and popular since the early 2000s. Like other memecoins, PEPE lacks major technical utility but has managed to attract interest in the crypto community with its no-tax policy and pure approach as a meme-based asset.

Since its debut in April 2023, PEPE has grown rapidly and become one of the most traded digital assets with a current market capitalization of 3.01 billion US dollars. 

Pepe Coin Price Today

Even though it rose more than 11% last night, today, Wednesday, March 12 2025, PEPE experienced a significant increase compared to other memecoins. Based on data from Bittime Market, PEPE was recorded to have skyrocketed 7%.

Pepe Coin Price Performance PEPE

In the latest rally, Pepe Coin PEPE rose 11 percent and became the leader among other memecoins. In next position, Solana-based Bonk rose 8 percent, while Floki saw a rise of 7.39 percent. Blue-chip memecoins such as Dogecoin and Shiba Inu also increased, by 5.73 percent and 4.86 percent respectively.

Trump Official Token rose 1.72 percent, becoming the only major memecoin to record a net gain in the annual period.

Overall, the total market capitalization of memecoin has now reached 45.81 billion US dollars with a jump of 5.71 percent in the last 24 hours. However, in the last 30 days, memecoin valuation has shrunk by 32 percent.

This increase occurred after Bitcoin BTC recovered to 83 thousand US dollars after previously falling below 76 thousand US dollars. The main triggering factor was the introduction of a Bill to fund the Strategic Bitcoin Reserve in the US House of Representatives.

A Brief History of Pepe Coin

Pepe Coin is inspired by the power of memes, especially Pepe The Frog. After its release, this coin gained a loyal community and became widely known among crypto memecoin fans.

From April to May 2023, PEPE prices experienced a significant increase with market capitalization reaching 1.6 billion US dollars. This surge created many new millionaires among the early holders and sparked a memecoin trend, where new memecoin projects emerged with spectacular price increases.

It remains to be seen whether PEPE and other memecoins can reach new price records. Many investors expect this trend to continue, especially with the arrival of the Bitcoin halving cycle which is expected to trigger a crypto market rally.

The Future of Pepe Coin PEPE

Based on market trend analysis, Pepe Coin is expected to continue to increase in the next few years. Some projections show that the price of PEPE could reach 0.00004072 US dollars in 2029, which would mean an increase of around 556.51 percent from the current price.

Key factors that could drive PEPE's future growth include:

• The community's popularity continues to grow
• The memecoin trend remains strong in the crypto industry
• Correlation with Bitcoin is expected to increase in the next halving cycle

Conclusion

Pepe Coin has proven itself to be one of the most popular memecoins in the crypto market. Launched in April 2023, PEPE experienced an increase of almost 7000 percent in a short time, entered the list of top 100 cryptos by market capitalization, and reached a valuation of more than 1 billion US dollars.

Despite being considered an entertainment-based project, PEPE has shown tremendous traction among investors and the crypto community.

FAQ 

What makes Pepe Coin unique
Pepe Coin has a deflation mechanism, a redistribution system, and a no-tax policy.

Can Pepe Coin survive in the future
Many analysts believe that Pepe Coin can remain popular as long as the memecoin trend continues and the community remains active.

On which blockchain does Pepe Coin run?
Pepe Coin is an ERC-20 token that operates on the Ethereum network.

Can PEPE reach 0.01 US dollars
Although the chances are small due to the large total supply, a gradual rise remains possible if the crypto market continues to grow.

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Reference
CoinMarketCap, Pepe Coin, Accessed March 12, 2025