PEPE rises to $11 billion market cap, price sets new record high

Key Takeaways

PEPE has seen a 1,538% increase year to date, outperforming most of the top 100 crypto assets.
Binance.US, Coinbase, and Robinhood recently announced support for PEPE trading.

Pepe coin (PEPE) reached an all-time high of $0.000026 over the weekend, pushing its market cap above $11 billion for the first time ever, according to CoinGecko data.

According to the latest data, the frog-themed meme token is trading at over $0.000025, showing a 17% increase in the last 24 hours. Its market cap is now around $10.6 billion, solidifying its position as the third largest meme coin.

PEPE is up 1,538% year to date, outperforming most of the top 100 crypto assets. In comparison, Dogecoin (DOGE) has gained 370% in the same period.

PEPE's price rally comes amid a continued broad recovery in the altcoin market Ethereum exchange rate went up to 4 000 000 for the first time since March. Ethereum exchange rate has increased against Ethereum strong signals as the Altcoin Season Index reaches 89, has boosted confidence among traders that the altcoin season has begun.

Listings on major US exchanges have also supported PEPE's upward movement. Binance.US recently additional PEPE transactioncoming together Coinbase and Robinhooddespite these platforms usually hold tight listing criteria for meme coins due to regulatory issues.

Dog-themed meme coins saw huge gains over the weekend. Baby Doge Coin (BABYDOGE) Up 33%, and DOG•GO•TO•THE•MOON (DOG) Up 16%, CoinGecko data presentations.

Other token posting wins included Dogwifhat (WIF), Popcat (POPCAT), Peanut the Squirrel (PNUT), and Turbo (TURBO).