Pepe Surges 21% as Meme Coin Rally Continues

Pepe, a meme coin built around the internet frog, has seen a significant surge in price. Launched in 2023, it is currently trading at $0.00000314, up over 21% on the day with a market cap of $1.321B, placing it as the 57th largest cryptocurrency.

The coin's recent move triggered $1.58M in total liquidations over the past 24 hours, with short sellers absorbing the majority of the damage. This suggests that the rally caught bearish positioning off guard.

According to Coingecko, PEPE's market cap data shows a significant increase, with the current price sitting at $0.00000314 within a 24-hour range of $0.0000025740 to $0.0000032050.