PEPE, the latest meme coin sensation, has soared by a staggering 400% in the past week, hitting a market cap of just over $1 billion. However, following a sharp pullback on Saturday, some investors booked profits, causing a significant loss of approximately $541,000 for a whale who had purchased a substantial sum of PEPE, along with 70 $WBTC worth $2.07M and 470 $ETH worth $937K.

Shiba Inu is the most popular meme coin in both countries, generating 60.7% of US interest and 55.8% of India's interest in meme coins.

An on-chain investigation of the PEPE contract code has revealed that the meme-inspired token is deflationary in nature, with an in-built burn functionality that can reduce its circulating supply. The investigation also found that the contract code prohibits the minting of more tokens, making PEPE a deflationary asset.

The average transaction fee on the Bitcoin network has risen to its highest level in nearly two years, according to data from Glassnode. The spike in network fees has been attributed to a renewed interest in meme coins, such as PEPE and SPONGE, which has ignited a surge in transactions relating to the experimental BRC-20 token standard. The BRC-20 standard allows users to issue and transfer fungible tokens via the Bitcoin blockchain.

A pseudonymous trader named dimethyltryptamine.eth spent $263 just three weeks ago to buy trillions of PEPE tokens. That former pittance has turned into $3.8 million in profits from tokens they’ve already sold, and their remaining holdings are worth about $9 million, according to data by blockchain research firm Arkham Intelligence. That’s an almost 5,000,000% profit.

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Leading cryptocurrency exchange Binance has announced the listing of two major meme-inspired cryptocurrencies, Floki ($FLOKI) and the hot memecoin Pepe, which is inspired by the infamous meme and cartoon character Pepe the Frog, and was introduced to the market on April 17, 2023.

A cryptocurrency trader with a penchant for meme coins has managed to reap an astounding 38,675% profit on a new contender in the meme coin arena, rivaling the likes of Dogecoin ($DOGE) and Shiba Inu ($SHIB), according to data from the blockchain.

Ethereum-based PEPE token has surged by over 120% in the last 24 hours, becoming the world's third-largest meme coin by market capitalization. The digital asset was launched on April 17 and has rapidly climbed to a current market cap of $578 million, generating enormous profits for early investors.

Multiple crypto exchanges have listed meme coin Shiba Inu's BONE token amid rising demand from the community. This move comes after major exchanges such as OKX and Huobi also listed BONE.