Bitcoin has shown a positive trend in the past 24 hours, approaching the $30,000 level, but has not yet breached it. Altcoins such as ETH, SOL, and UNI have also seen price increases, but the day's top performers are PEPE and Floki Inu. PEPE, a relatively new cryptocurrency, has seen double and even triple-digit daily surges, entering the top 50 digital assets by market cap. Floki Inu has also skyrocketed, with a 40% surge in the past 24 hours, and is now among the top 100 coins by market cap. The top ten altcoins have seen more modest price increases, with Ethereum up by 3.6% and Solana up by 4%. The total crypto market cap has reclaimed the $1.2 trillion line, gaining around $20 billion daily.

BTC and ETH benefit from meme mania.

Memecoin PEPE is among the latest to drive a massive frenzy among crypto investors with a massive price rally over the last week. Over the last 24 hours, PEPE is trading at 50% gains trading at $0.000003097 with its market cap shooting to $1.2 billion.

PEPE, a meme token based on Ethereum, has recorded massive gains of close to 38,900% ROI for early investors in its first month. This has led to increased interest in the original BRC-20 token standard, which was used to create the Bitcoin-based PEPE in March 2023. The BRC-20 token standard is an experimental mechanism for launching tokens on the Bitcoin blockchain network, created by a pseudonymous on-chain analyst called Domo.

A whale address that procured 570 billion PEPE tokens last month has dumped up to 229 billion tokens in the wake of the recent announcement from Binance to list the asset. Data suggests the address made a 134,882% profit on the PEPE investment and still holds over 291.9 billion tokens as a balance.

PEPE has experienced a significant surge in its market value, and has now secured a spot among the top 100 digital assets.

The tokens held by the blacklisted address can be considered locked up forever, as the blacklist can never be modified due to the deployer renouncing ownership of the contract.

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A newly-created token named after the ‘Pepe the Frog’ meme has recently taken the meme-coin crown, hitting a market cap of half a billion dollars within two weeks of launch.

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.