Pep coin PEPE/USD is up 86% in the last 24 hours and has top meme coins such as Dogecoins DOGE/USD And Shiba Inu SHIB/USD .

What happened: PEPE it plummeted 18% on Thursday but has since picked up momentum.

In the last 24 hours, trading volume for Pepe Coin reached $670 million, making it the top meme coin by volume. In comparison, Dogecoin’s trading volume is $252 million.

See more: Is Bitcoin a Good Investment?

Why it matters: The popularity of Pepe the Frog NFTs and tokens has contributed to the success of the latest PEPE token by catching the attention of the market.

Pepe Coin’s official Twitter account claims it’s the “most memorable memecoin out there,” and jokes that the days of dog-themed memecoins are over.

As the hype around the meme token grows, some early investors have started selling their tokens.

A trader who sold $2 million worth of tokens MetaMask Swaps, lost $350,000 due to a 25% slip caused by low liquidity.

Another trader caused The value of the PEPE token plummeted almost 50% as they cashed out $678,000 worth of tokens.

Price promotion: At the time of writing, PEPE was trading at $0.0000021, according to Benzinga Pro.

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