PEPE holders have seen massive profits, with the altcoin rising nearly 5,000,000% in a few weeks. Within three weeks of its issuance, the coin’s price reached a peak of $0.00000431, giving it a market capitalization of $1.8 billion.
This milestone was reached in 19 days for PEPE, compared to 279 days for SHIB, 287 days for Ethereum, 1,579 days for Bitcoin, and 2,585 days for Dogecoin. According to a research and analytics firm, Messari, PEPE’s average value per holder, calculated based on market cap, is similar to SHIB but accelerated. This illustrates PEPE’s extraordinary growth rate.
Though the cryptocurrency market shows promising numbers, it is important to emphasize its volatile and unpredictable nature, especially when it comes to hype-driven memecoins.
The PEPE token has corrected since reaching its zenith and is down nearly 62% from its peak. It is clear from PEPE’s rapid drop in value that these coins are susceptible to rapid changes in value.