The memecoin market is down 3.1% against the dollar in the past 24 hours and currently stands at $18.9 billion. Eight of the top 10 memecoins recorded daily gains today, led by rookie Pepe (PEPE). PEPE has gained 77% in the past day and is currently 513.15% above its all-time low of $0.000000551 set on April 18.
While the new PEPE is up 77% today, it is still down more than 17% from its all-time high set on April 20. On that day, PEPE reached $0.000000399, with a capital market cap of over $165 million. Currently, the market valuation of memecoin is $0.000000333, which is $140 million today. Interestingly, even though Uniswap v2 is hosted on a centralized cryptocurrency exchange, it is currently the most actively traded exchange for PEPE.
PEPE / USD. Source: TradingView
Other notable gainers in the meme coin market on Saturday included Puppy Coin (BABYDOGE) +10%, Floki (FLOKI) +5.5% and Dejitaru tsuka (TSUKA) +7.5%. In terms of memecoin trading volume, Dogecoin (DOGE) leads the past day with $610 million, while Shibu inu (SHIB) has a global 24-hour volume of $172 million. PEPE was the third most popular meme at $53 million.
PEPE’s returns appear to have pushed up the value of other Pepe the Frog-related cryptoassets over the past 24 hours, with Zkpepe up 9.9%, Mcpepe +4.1%, and PEPE.bet +0.7%.
Interestingly, Babypepe (BABYPEPE) is up 132% on the day, according to Coingecko.com. Babypepe is similar to PEPE, only a few days old. Neither Coingecko.com nor Coinmarketcap.com list the new memecoin’s market capitalization, despite Babypepe holding more than 4 million tokens.
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