PEPE’s Surge to Top 20 Tokens Turns Early $460 Purchase to $3.4M

PEPE’s Surge to Top 20 Tokens Turns Early $460 Purchase to $3.4M

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Source: Coindesk.com

Pepe (PEPE) token reached a $6 billion market capitalization on Thursday, becoming the biggest meme coin launch of 2023. The recent surge in PEPE's value is partly attributed to its use as a levered bet on the growth of the Ethereum ecosystem, with traders anticipating the approval of a spot ether exchange-traded fund (ETF) in the U.S.

Read More https://www.coindesk.com/markets/2024/05/23/pepes-surge-to-top-20-tokens-turns-early-460-purchase-to-34m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "PEPE’s Surge to Top 20 Tokens Turns Early $460 Purchase to $3.4M" appeared first here Coindesk.com.

Source: Coindesk.com

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