Pepe Rallies By 85% In Seven Days To Reach A $500M Market Cap

TL;DR

• Pepe has outperformed the broader market in the last seven days, up by more than 80% during that period.

• Pepe’s market cap currently stands at $500 million.

Pepe Outperforms The Broader Market

The Pepe meme coin has outperformed the market over the last seven days, adding more than 85% to its value during that period. The rally makes it one of the best performers amongst the top 100 cryptocurrencies by market cap.

The only coin that has outperformed Pepe over the last seven days is Floki, as meme coins take center stage in the recent rally. Thanks to this rally, Pepe’s market cap is now around the $500 million region.

The frog-themed memecoin was one of the best performers during the recent bear market, rising to a $1.6 billion market cap earlier this year before retreating. 

Floki is another meme coin that outperformed the broader market. It rallied by more than 100% in the last seven days and its total market cap is now above $350 million.

The two leading meme coins, Dogecoin and Shiba Inu, also recorded decent gains in recent days. DOGE is up by 19% since the start of the week, while SHIB added 13% to its value during that period.

Bitcoin, the world’s leading cryptocurrency by market cap, continues to maintain its price around the $34k region. It is down by more than 1% in the last 24 hours and is currently trading at $34,075 per coin.

The total cryptocurrency market cap has dropped to $1.25 trillion, down by more than 1% so far today.