Based on CoinMarketCap data, Pepe (PEPE) is the only green coin among the top 20 strongest ones. the memecoin stands out in a market that is mostly sinking with a little rise of 0.91%.
With a market cap more than $6 billion, the meme coin has climbed over Litecoin (LTC). Shiba Inu (SHIB), on the other hand, has been among the least successful performers in the top 20; it dropped 4% over the past 24 hours and dropped out of the top 10 currently ranking below Toncoin (TON) and Cardano (ADA).
Pepe Leads Meme Coins
While Near Protocol (NEAR) is the least favorable performer among the top 20, Dogecoin (DOGE) has also dropped by 3% despite notable buying activity from major players.
According to data from IntoTheBlock, among the main meme coins, Pepe is the most profitable investment as an extraordinary 96% of all investors are currently in profit. The memecoin peaked at $0.000017 on May 27, but since then has dropped almost 12%.
Pepe has expanded significantly since ranking third in May 2023, rising to be the third-largest meme coin with a market capitalization of more than $6.3 billion. Users of Polymarket are debating whether the coin would overtake Solana-based DogeWhale to first have a $10 billion market cap.
