Memcoin Pepe Coin (PEPE) is showing impressive growth. On December 7, the token updated its historical maximum, rising in price by 19% in a day.
The main catalyst for growth was the news about the plans of the Binance.US exchange to list the token. This decision caused increased interest in PEPE among institutional investors. In addition, the price dynamics were positively influenced by the general growth of the memcoin market, provoked by the recent jump in Bitcoin above $ 100,000.
Thanks to its rapid growth, Pepe Coin briefly entered the top 20 largest cryptocurrencies by market capitalization, overtaking even such a DeFi veteran as Uniswap. However, the token’s price subsequently corrected, and it lost several positions in the rating.
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