The post Pepecoin ($PEPE) Price Registers 394% Gains, Leaves Other Meme Coins Behind! appeared first on Coinpedia Fintech News

Frog-themed meme coin, Pepe (PEPE), has been making waves in the cryptocurrency market, registering gains of more than 394 percent in the past five days. The coin is now trading around $0.00000108 during the early London trading session, catching the attention of both crypto enthusiasts and FOMO traders alike.

$PEPE Coin’s Competitive Edge

Pepe was launched to compete with dog-themed meme coins and has dethroned some of them, including FLOKI and Baby DogeCoin (BABYDOGE). Despite being a new entrant in the market, Pepe already has a total market capitalization of approximately $452,054,247.55 as of Monday, while BABYDOGE has a valuation of about $406,857,844.

Also Read: Is PepeCoin Worth Investing? What Next For $PEPE Price ? – Coinpedia Fintech News

As a hyped meme coin, the PEPE coin has received tremendous support from centralized and decentralized exchanges through its listing. The rally has mostly been fueled by FOMO traders, attracting significant attention from Ethereum whales. 

On-chain analytics platform Spot On Chain identified a whale that made more than $1.8 million in less than two weeks, and more whales have been identified hodling strong, waiting for a sell signal.