Pepe the Frog was originally created by artist Matt Furie in his comic book "Boy's Club" in 2005. However, during the 2016 US presidential election, the character was co-opted by online communities to spread hate speech and racist ideologies. In response, Furie launched the #SavePepe campaign to reclaim the character and promote a new narrative of positivity. Despite Pepe's negative connotations, Furie has secured legal victories and plans to resurrect the character in a new comic book. Pepe has also found success in the cryptocurrency realm, with an exclusive collection of NFTs fetching prices exceeding $100k.

Pepe The Frog, a new memecoin launched on April 14th, has quickly gained a market cap of $691 million and has been a hot topic in the crypto community on Twitter.

May 14 (Cointime) - Crypto analytics firm Lookonchain reported on Twitter that a smart money investor recently made a significant profit of 1,219 ETH (equivalent to $2.2 million) on meme coin PEPE. The investor then went on to purchase 1.33 trillion PEPE tokens again, spending 1,173 ETH (equivalent to $2.1 million) at a price of $0.000001586.

Unocoin, a leading cryptocurrency exchange in India, has added two popular meme coins, FLOKI and PEPE, to its platform. Following their listing, Pepe has seen a 52.49% surge in just 24 hours, while Floki has also experienced a 3.77% increase in its price. Twitter polls suggest that BONE may be the next meme coin to be listed on Unocoin's platform. The addition of these meme coins could attract new investors to Unocoin and highlights the growing importance of meme coins in the cryptocurrency market.

The value of Pepe coin has increased by 33% to $0.000001644, along with other meme coins such as $SPONGE and AiDoge.com. Despite fluctuations in the market, bitcoin remains up 61% and above its 200-day moving average. Technical analysis is less important for meme coins due to their speculative nature, with momentum and sentiment being key factors. Pepe coin has already achieved a market cap above $1 billion, and other promising meme coins such as $SPONGE, Wojak, and Milady Coin are also gaining traction. Investors should consider dollar cost averaging and exploring presale opportunities for up-and-coming coins like AiDoge.com. $SPONGE has gained 41% in the past 12 hours and has secured eight exchange listings, making it a promising investment option.

PEPE, a popular memecoin, has experienced a surge in value by 28% in the last 24 hours, making it the biggest market gainer during this period. This recent price rise has provided relief for PEPE investors who thought the meme token was on a steady decline all week. Although there is no guarantee that PEPE could be on its way to pulling off another stunning market performance, its resilience may just set it apart from most short-lived meme coins. Despite criticisms of meme-inspired cryptocurrencies, PEPE remains the best-performing token of the moment, gaining over 405% in the last 14 days and over 2,331% since its launch on April 17.

The Pepe (PEPE) memecoin has experienced a significant decline, with its market cap dropping from $1.65 billion to less than $500 million in just one week. Despite this, some traders, including Machi Big Brother, continue to stockpile the asset.

The cryptocurrency market has experienced a downturn, resulting in a $40 billion decrease in the global crypto market cap. Bitcoin has been leading the trend, dropping below its recent floor of $27,000 to its current price of $26,300. Most of the cryptocurrencies in the top 10 by market cap have decreased by around 6% over the last seven days, while memecoins like pepe and shiba inu have seen even more significant drops. Meanwhile, the wider markets remain largely unchanged.

This week's cryptocurrency market update focuses on Ethereum, Ripple, Cardano, Pepe, and Dogecoin. Ethereum has experienced a 7.4% decline, with the key level at $1,800 now acting as resistance. If the key support at $1,660 holds, Ethereum may maintain its macro uptrend. Ripple has lost 8% of its value, with sellers in charge and a likely scenario for the price to fall until the 40 cents support. Cardano has fallen by 7.7%, with the head and shoulders reversal pattern confirmed and a likely target of the support at 34 cents. Pepe has crashed by 37%, with support at $0.0000010 and a high likelihood of crashing by over 90%. Dogecoin has fallen by 10.5%, with a test of the key support level imminent.

The value of the memecoin PEPE has been volatile this year, with a market cap that peaked at $2 billion before declining. Many PEPE tokens have been deposited in crypto exchanges, which could indicate a potential sell-off and a decrease in value. The deposits came from 1,176 unique wallet addresses, resulting in a net gain of $22.94 million for the exchanges. Currently, PEPE's native token is trading at $0.000001268, having dropped by 0.51% in the past hour.