Pepe token price has risen nearly 400% in the past week and its market cap has doubled in the past two days.
The memecoin frenzy has seen trending memecoins such as PEPE, Floki, Bonk, and others record a massive rally over the past week. These memecoins have recorded over 500% price surge and a nearly 3,000% surge in trading volume.
According to data shared by Santiment, On average, Pepe, Floki, Shib and Bonk have seen volume rise over 3,000% in the past week. With volume, the public interest and the prices have moved significantly, with many new memecoins recording their new all-time highs.
Most memecoins that have seen mammoth growth during the peak of the bull run are also among the tokens that record the sharpest decline. Some memecoins have lost over 80% of their value from their peak.
