"Wow, the performance is quite encouraging, it's only been a few weeks that the price has gone up."
Memecoin Pepe (PEPE) which was just launched two weeks ago finally entered the market as a top 100 cryptocurrency with a market cap of $582 million after climbing 111% in the last 24 hours and 304% over the last week.
For context, PEPE is an ERC-20 token with a supply of 420.96 trillion that has attracted the attention of most crypto investors lately.
This is because an investor who bought 5.9 trillion PEPE on April 15, 2023 with only $250 capital has managed to generate a profit of $1.02 million in just a few days.
In addition, PEPE which has been listed on several crypto exchanges such as OKX, Huobi, Gate.io and MEXC has been one of the reasons why the price of the memecoin can soar in just a short time.
Following various liquidity pools and listings by crypto exchanges, trading volume for PEPE on April 15 has increased to $240 million from $2.99 million in the PEPE/WETH pool on Uniswap.
Please be informed that more than 30 wallets in the "smart money" category, i.e. very large and active investors, have acted as quickly as possible to buy a total of $1 million worth of PEPE tokens in the last week.
The price of PEPE which was initially traded at $0.000000001 has recorded a steady increase reaching $0.00000121 in the last 24 hours after a slight decrease at $0.00000081.
