Pepe (PEPE) has seen a 2,000% boom in value following its launch in late April 2023, taking the market capitalization of speculative tokens over $20 billion. The token’s rally is primarily attributed to zealous memecoin hype, with the project widely shared on Twitter over the past month. The top five tokens, Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, Baby Doge Coin (BABYDOGE) and Floki (FLOKI), account for over $18 billion of the value.
– Pepe (PEPE) has seen a 2,000% boom in value following its launch in late April 2023, taking the market capitalization of speculative tokens over $20 billion.
– The top five tokens, Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, Baby Doge Coin (BABYDOGE) and Floki (FLOKI), account for over $18 billion of the value.
– The social aspect of memecoins remains a significant driver of investor sentiment and action, highlighting the likes of Elon Musk’s infamous Dogecoin touts and rampant Twitter bots driving memecoin hashtags to relevance on Twitter.
