The Ethereum-based meme coin PeiPei has risen to the top of the cryptocurrency market and become the biggest gainer among the 500 biggest digital assets. This amazing performance comes as the market as a whole is recovering after the selling pressure for Bitcoin (BTC) eased.
The asset’s value dropped significantly, from its all-time high of $0.00000002960 on July 1 to $0.00000001691 on July 6. It has now come back wonderfully. Pei Pei showed strength by showing signs of market stability, even though it first went through a period of consolidation because no one was buying, which was the case for the whole crypto market.
However, this week has been especially good for PeiPei. The meme coin saw an 11.14% gain on Monday to set the stage for more gains. By July 9, the PeiPei had gone up 28.23%, and it kept going up with another rise this morning. The token got back to where it was before it went down and hit a new all-time high of $0.00000003230 earlier today.
Meme Coin Pei Pei’s Market Performance And Social Buzz
Pei Pei kept its 9.89% gain this morning despite falling sharply from its high point. This gives it a 42% rise in the last 24 hours. As a result, its market value has grown by the same amount to $119 million, making it the 300th largest coin. Because of this, out of the top 500 crypto assets, PeiPei has gained the most value.
More people are tweeting about PeiPei as she performs better on the market. In 24 hours, trade increased by 65.76%, reaching $190.06 million.
There have been 771% more sales of Pei Pei since it came out in June. Its value has grown by 53.94% in the past week, and it is now worth $0.00000002940. The coin can also be bought and sold on over 12 centralized platforms like Gate.io, MEXC, and Bybit. A Brazilian UFC boxer named Gilbert Burns recently joined the project as a partner.
Pei Pei doesn’t have a strong name in the crypto world, even with these vast gains and fast market growth. People don’t know much about its leaders, and its roadmap is vague and unclear, with more focus on “vibes” than real plans. Buyers need to be careful because of this.
