Pepe Coin Surges to $11B Market Cap, Outpacing Uniswap

Pepe, a memecoin, has surged by nearly 19% in the past day, reaching a new all-time high of $0.000026948 and a market cap of $11 billion, surpassing Uniswap to become the 20th largest memecoin. The surge is driven by increased demand, with significant whale accumulation and a spike in trading volume and open interest. The positive market sentiment and increased on-chain activity suggest potential for further gains, though a correction could see support around $0.000022.