The cryptocurrency industry was previously filled with dog-themed meme coins. While Shiba Inu (SHIB) emerged as a Dogecoin (DOGE) killer, a few others wanted in on the canine party. Amidst this, PEPE made its debut with a bang. The frog-themed meme coin stood out for a lot of reasons. One among them is its massive price change right after its launch. The asset has even continued this uptrend throughout its time in the market.
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How High Is PEPE Trading Today?
Over the past 24 hours, PEPE recorded a rise of 1.21%. This was a shocker as most assets in the market were on a downtrend. At the time of writing, the meme coin was trading at $0.000008537. This was achieved after the asset managed to rise by nearly 12% throughout the past seven days. The majority of the market registered downfalls during the month of March. PEPE, on the other hand, surged by 8.74%.
Along with its price, the daily trading volume of PEPE also increased. The meme coin’s volume currently stands at $1 billion following a 91.47% rise. This is bullish news for the market as it highlights the rising buying activity.
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A Look Back Into The Meme Coin’s History
PEPE made its debut about two years ago, in mid-April 2023. During its launch, the asset was priced at around $0.00000005685. A small investment of $500 would bring in 8,793,617,021 PEPE. Taking into consideration the asset’s current price, this dainty investment would turn into $75,092. This further marks a staggering 14,918.4% return on its initial investment.
In addition, the meme coin hit an all-time high of $0.00002825 in the final month of 2024. PEPE is currently trading 69% below this peak. The same $500 withdrawn during December of 2024 would have brought in gains up to $246,682.
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