When meme coins were initially introduced to the crypto market, they were nothing more than a laughing stock as most traders struggled to see any real usage or applications for these tokens. But the reality is different today because you’ll find that the meme coin market capitalization has grown by about 500%.

Moreover, recent data from CoinMarketCap shows that PEPE has gained 6.26% in the last 24 hours, while trading activity has increased by 11.22%. This surge highlights the growing interest in the token as more investors seek to capitalize on its momentum.