PEPE Meme Coin Surges 40% to $2 Billion Market Value

PEPE, a meme coin, has surged by over 40% in recent days to surpass $2 billion in market value.

The cryptocurrency's price skyrocketed after it rose by around 25% in a single session on September 21, with Bitcoin breaking above $85,000.

While the project itself has made some progress, analysts attribute the surge to increased risk appetite in the crypto market.

If support at $0.00000431 is maintained, PEPE's price could revisit the $0.00000550 region.