PEPE set a new peak after increasing 142.4%, surpassing UNI and MATIC to climb to position 18

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A wave of optimism has swept into the cryptocurrency sector since last week. With the price recovery and extended bull streak, many altcoin sectors have attracted investor interest. In the memecoin segment, Pepe (PEPE) has become the top talking point as it maintained its upward momentum from last week with an 81.52% gain. 

Notably, memecoin has surpassed UNI, the native token of leading Uniswap DEX, and Polygon's MATIC on Coinmarketcap's market capitalization rankings. With a staggering market capitalization of around $7.2 billion, PEPE has broken into the top 20 and is sitting at number 18.

Over a 30-day period, Pepe showed tremendous growth growing from $0.000006 to $0.000017. With monthly price performance at 142.4%, Pepe has become the third largest memecoin on the market.

With a 12.5% ​​increase over the past 24 hours, PEPE is the third rising token in the top 100. At the time of writing, memecoin is trading at $0.0000172, marking a new all-time high .

Whales and investors are showing increasing interest in Pepe as the price continues to rise. According to a report by LookOnchain, an anonymous wallet with address 0x4d15 achieved a 2,651% ROI after liquidating its PEPE holdings for $663k.