PEPE, a meme coin inspired by an iconic character, has experienced substantial growth, marked by an 18% price surge, subsequently surpassing a $10 billion market cap. This accomplishment places PEPE ahead of Litecoin, generating excitement among investors and signaling potential for new all-time highs.
The increase in market cap is accompanied by heightened network activity, a factor that often correlates with enhanced investor confidence and market expansion. This development underscores the volatile yet promising nature of meme coins in the cryptocurrency market.