The frog-themed meme cryptocurrency Pepe (PEPE) has broken a significant milestone in the number of its holders.
The crypto asset’s holder count has surpassed 125,000, according to the official PEPE Twitter account.
There are now 128,600 holdings in total, with 121,900 of them on the Ethereum network, 5,700 on the BNB chain, and 997 on the Arbitrum network.
Holder count continues to be a crucial indicator of interest in a certain crypto asset. A rising token holder count may be a sign of community expansion and support, which would be a long-term success indicator.
A meme currency with no inherent value or forecasted financial gains, PEPE. On its website, it states that “there is no official team or roadmap. The coin serves simply as amusement and is absolutely worthless. As a result, it might be stated that the majority of token holders mostly participate in speculating.
The rise in the number of holders occurs as PEPE’s price experienced a significant surge of 88% in a short period of time. According to its charts, PEPE is surging upward as it prepares to record its fourth straight day of advances since June 19.
From a low of $0.00000091 on June 19 to intraday highs of $0.0000016 on June 22, PEPE started to rise.
PEPE was up 51% from the day before, according to CoinMarketCap, and was trading at $0.0000015 at the time of writing. The price of the frog-themed cryptocurrency rose by 88% last week.
For PEPE, the 24-hour trading volume jumped by 319%, with deals totaling $900 million. Traders are doing this in an effort to profit from the current market volatility.
A month following its inception in late April 2023, PEPE saw exponential price increase. It quickly climbed higher on the market cap list, earning a spot in the top 100.
Despite a subsequent price decrease, PEPE had an unexpected recovery with the most recent price increase. The token has risen quickly in the cryptocurrency rankings, now holding down position 63 with a $590 million market cap.
