Pepecoin (PEPE) surged as much as 40% in the past 24 hours to extend weekly gains to over 70% amid a market-wide rally led by bitcoin (BTC). Trading volumes for the frog-themed tokens jumped to over $800 million, CoinGecko data shows, as a risk-on environment likely fueled outsized bets on riskier assets, such as altcoins and meme coins. PEPE gains were significantly higher than meme tokens shiba inu (SHIB), floki (FLOKI) and dogecoin (DOGE) – even as developers of some of these tokens introduced ecosystem upgrades – suggesting high buying interest for pepecoin.
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