Pepe

Pepe is a deflationary memecoin that operates on the Ethereum blockchain.

It was developed as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. 

The project aims to leverage the popularity of meme coins and position itself as a notable meme-based digital asset.

The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: PEPE Peaks After Binance Listing

This morning's biggest losers include the newly-launched SUI token as well as the popular PEPE coin, which has finally tapered some.

SUI, PEPE Lead Market Losses, Down Double Digits Overnight

Pepe Coin (CRYPTO: PEPE), a meme cryptocurrency, skyrocketed by a staggering 4,366% in just over 30 days according to Coinmarketcap. This prompted several early investors to reap impressive returns on their investments.

PEPE Whale Loses Over Half A Million As Token Drops By 30% Following Massive 4,366% Rise

A widely followed crypto strategist believes that scorching-hot memecoin Pepe (PEPE) could witness more rallies if it continues to follow in the footsteps of a tech stock that exploded during the Covid pandemic.

Red-Hot Memecoin Pepe Could Have Much Further To Run if One Pattern Plays Out: Top Trader

In just over 21 days, meme cryptocurrency PEPE (CRYPTO: PEPE) has surged by more than 375,000 times, leading a number of early investors to cash out. While investing in meme coins is inherently dangerous, there are several methods you can use to help improve your chances of making money in an unpredictable market, according to crypto analyst Miles Deutscher.

Crypto Analyst Reveals The Secret Formula Behind Making Serious Profit Off Meme Coins Like PEPE

The upstart pepe token has slipped 38% from Friday's peak price, according to Coingecko data.

Pepe memecoin's 38% slide leaves whale nursing $500,000 paper loss

Bitcoin

Bitcoin (CRYPTO: BTC) transaction fees have recently soared, reaching a two-year high with the total fees paid on the Bitcoin blockchain amounting to $3.5 million on May 3, marking a 400% increase since late April. YCharts data indicates that the average Bitcoin transaction fee peaked at $7.20.

The Memecoin Effect: Bitcoin Transaction Fees Skyrocket As PEPE Steals The Show

A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.

Pepecoin's Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit

A Dogecoin (DOGE) and Shiba Inu (SHIB) rival that made its debut last month is skyrocketing to new all-time highs after being listed by Binance.

Dogecoin and Shiba Inu Rival That's Exploded Over 1,300% in a Week Hits New All-Time High After Binance Listing

The cryptocurrency world is no stranger to the frequent introduction of new digital tokens, with meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) gaining prominence. PEPE (CRYPTO: PEPE), a newly launched meme coin, has quickly captured attention and been listed on multiple exchanges, despite questions about its credibility due to its novelty.

PEPE And FLOKI Join Binance: Will These Meme Coins Dethrone Dogecoin, Shiba Inu?

As per the latest statistics recorded before the weekend, the meme token PEPE has witnessed a massive surge in value, following its recent listing on the crypto exchange Binance. In just seven days, the crypto asset has skyrocketed by 896% against the U.S. dollar, making it the third-largest meme token in terms of market valuation.

Meme Coin PEPE's Market Cap Surpasses $1B with 896% Surge Over the Past Week

The gains in pepe, a crypto token styled on the Pepe the Frog cartoon meme, have pushed it into the ranks of the top 50 most valuable tokens.

Pepe memecoin tops $1 billion market cap even as Binance flags lack of utility

First Mover Americas: Memecoin PEPE Hits $1B Market Cap

The newly-launched meme coin PEPE has been given another boost after the market's largest exchange, Binance, listed the token this afternoon.

Binance Lists PEPE as Meme Coin Market Cap Hits $1 Billion

Ethereum

The massive rise in the latest wave of popular meme coins has put Ethereum under pressure, driving gas fees even higher.

PEPE Meme Coin Hysteria Pushes Ethereum Gas Fees to 1-Year High

Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain.

Ethereum's Median Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market

The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending.

Pepe Coin Shorters Lose Millions as PEPE Jumps to $900M Valuation

Pepe Coin (CRYPTO: PEPE) has surged by 86% in the last 24 hours, outperforming top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) . What Happened: PEPE on Thursday tumbled 18%, but it has since regained momentum.

Pepe Coin Skyrockets Over 86% — Leaves Dogecoin, Shiba Inu In The Dust

We may be in a bear market—but investors are still keen on snapping up the hottest new crypto craze: meme coin PEPE.

PEPE Jumps 75%, Setting New All-Time High as Meme Coins Soar

Negative funding rates indicate dominance of bearish positions in the perpetual futures market.

Funding Rates in the $500M Market Cap PEPE Token Remain Negative

A crypto trader with a soft spot for meme coins has netted approximately 38,675% profit on a new Dogecoin (DOGE) and Shiba Inu (SHIB) rival, according to on-chain data. Per blockchain tracker Lookonchain, the trader purchased four trillion of the Pepe (PEPE) meme coin at a price of 2.

Trader Nets 38,675% Profit on New Dogecoin and Shiba Inu Competitor That's up 6x in Two Weeks: On-Chain Data

Meme coin pepe's market cap plunges as whales dump the token, according to Nansen.

Whales take profits on pepe's surge, market cap drops nearly $200 million: Nansen

Uniswap

The new token based on “pepe the frog” meme remains one of the most researched tokens for users of blockchain analytics firm Nansen and price tracker CoinGecko.

PEPE Memecoin Liquidity Pool Becomes Most Active on Uniswap

Ben Armstrong, popularly known as ‘Bitboy Crypto,' shared his perspective on why many investors missed the boat on Pepe coin (CRYPTO: PEPE), a meme coin that has been making waves in the cryptocurrency market. What Happened: In a tweet on Tuesday, Armstrong stated that most investors missed out on PEPE and similar projects because they were “too slow to pull the trigger,” despite seeing the same tweets as he did.

Crypto Influencer Reveals 'Sad Truth' About Investors Missing Pepe Coin Mania

One trader infamously took on a 50% slippage for getting out of their pepe position.

News for Pepe Crypto (PEPE)