cryptojournalist
Pepe, the frog-themed memecoin, hit a new high on December 7, overtaking Uniswap’s (UNI) market cap with $11 billion compared to UNI’s $10.6 billion. Pepe’s value has soared 16.8% in a day and 26% over the past week, marking an 18x growth in 2024 alone.
A Frog Meme Takes the Crypto World by Storm
Launched in 2023, Pepe is inspired by Matt Furie’s cartoon frog but isn’t tied to him. Despite having “no intrinsic value,” Pepe has climbed over 7,000% since its debut, rivaling memecoins like Dogecoin and Shiba Inu.
A Wild Ride to the Top
After months of quiet trading, Pepe surged 30% in September 2024 but lost momentum in November. A historic rally in November and December pushed it to its highest market cap yet. On December 5, Binance.US listed Pepe, fueling its rise as one of the hottest tokens in the crypto space.
