The joke-themed cryptocurrency PEPE, which made its mark in May, fell like a bombshell on the dormant market after being listed on major exchanges. Crypto market researcher Messari has found that in recent weeks, the popular cryptocurrency PEPE has grown much faster than previous examples.
Experts at Messari have determined the market value per investor for PEPE. Although analysts could not see a difference in this metric compared to other meme coins, he commented that the growth rate was much faster than DOGE and SHIB.
Early investors who bought PEPE about 1 month ago made astronomical profits of up to 5,000,000%. The market value of the meme coin, which is listed on major exchanges, rose to $ 1.8 billion for a period. Today, however, this figure hovers around $600 million.
In How Many Days Did PEPE Reach $1 Billion?
A phenomenon examining how many days various cryptocurrencies reach a market cap of $1 billion has revealed stunning data.
According to the share, Bitcoin reached a market value of $ 1 billion in 1579 and Ethereum in 287 days. But unlike the 2585-day DOGE and the 279-day SHIB, PEPE saw this figure in just 19 days.