The speculative mania was led by pepecoin (PEPE), a frog-themed token that launched in mid-April with a maximum supply of 420 trillion. PEPE crossed A market cap of $1 billion on Friday, eventually peaking at $1.82 billion, a staggering achievement for the three-week-old meme cryptocurrency. At press time, PEPE’s market capitalization was $931 million per Coingecko.
Meme coin trading volume surges to two-year high, a sign of caution for Bitcoin (BTC) bulls
