The frog-themed meme cryptocurrency Pepe (PEPE) has broken a significant milestone in the eyes of its owners.
According to the official PEPE Twitter account, the cryptocurrency asset’s holding base has surpassed 125,000.
There are currently 128,600 holders in total, including 121,900 on the Ethereum community, 5,700 on the BNB chain, and 997 on the Arbitrum community.
Holder percentage continues to be a crucial indicator of interest in a particular crypto asset. A growing token holder base may suggest group progress and assistance, which would suggest long-term success.
PEPE is a meme coin with no inherent value or financial return expectations. According to the organization’s website, “There is no official team or roadmap. The coin serves only as a novelty item and is completely useless. As a result, it is safe to assume that the majority of token holders are involved in speculation.
The increase in holder confidence comes as PEPE experienced a significant value transfer, rising by 88% in just a few days. PEPE is surging upward mostly based on its charts as it approaches its fourth straight day of favorable features since June 19.
PEPE began to rise from an intraday low of $0.00000091 on June 19 to a high of $0.0000016 on June 22.
According to CoinMarketCap, PEPE was trading at $0.0000015 at the time this article was written, up 51% from the day before. The price of the cryptocurrency with a frog theme increased by 88% this week.
The 24-hour trading volume for PEPE increased by 319%, and there were $900 million worth of trades at that time. This occurs as businesses try to profit from the most recent market turbulence.
A month after its inception in late April 2023, PEPE began to see exponential value growth. It gained popularity swiftly and moved up the market cap ranking, earning a spot among the top 100.
Despite the subsequent drop in costs, PEPE observed a startling rebound with the most recent value spike. The token has risen quickly in the cryptocurrency rankings, now holding down position 63 with a $590 million market cap.
