Pepecoin trading volume up 425%

Return of the memecoin 🙄

Hello from my parents’ basement on Long Island.

• The nascent meme coin pepecoin (PEPE) has surged to an almost $1 billion market capitalization just weeks after its birth. Niche,As with Dogecoin, this cryptocurrency is based on a popular internet meme, except this time it’s Pepe the Frog. The coin launched with little fanfare on April 17—and while it’s based on the Pepe the Frog meme, it has no official connection to Matt Furie, the artist behind the original cartoon. It leans further into the joke realm by having a maximum circulating supply of 420,690,000,000,000 coins. Despite the lack of seriousness, it has already grown to be one of the 50 largest cryptos being traded. And trading volume in the coin was up 425% on Friday. It’s still an incredibly cheap coin in real-world dollars, though. You’d need to buy nearly 3,000 Pepecoin to convert them into a single penny.