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Pepe leads meme coin charge on crypto Twitter as market cap nears $500m

pepe-leads-meme-coin-charge-on-crypto-twitter-as-market-cap-nears-500m
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Pepe leads meme coin charge on crypto Twitter as market cap nears $500m

Pepe (PEPE) has maintained its top spot among the most searched and talked about meme coins on social media, especially crypto Twitter.

According to the crypto news channel, Whalechart, pepe is the top trending meme coin on Twitter, closely followed by mong coin (MONG) and dinoLFG (DINO).

PEPE’s market cap hits $500 million

Since its introduction on April 15, the deflationary meme coin has grown steadily and even broke into the top 100 crypto projects on May 1, when its market cap hit $582 million.

At the time of writing, PEPE was trading at 0.00000122, down from $0.0000014, where it had been 24 hours earlier, according to data from the crypto price tracking website CoinMarketCap.

The meme coin’s live market valuation had also dropped to $509 million.

Pepe leads meme coin charge on crypto Twitter as market cap nears $500m - 1
PEPE’s 24h price movement | Source: CoinMarketCap

Data from another price tracking website, CoinGecko, indicates that PEPE’s price increased by at least 304% over the past seven days.

PEPE’s meteoric rise has been mirrored by increased social media mentions and search engine volumes.

According to reports, between April 9 and April 16, PEPE’s Google Trend score increased from 3 to 100. The score shows a keyword’s popularity at a specific time in Google Search.

The metric fluctuates between 0 and 100, with 100 denoting the maximum level of popularity for a given keyword search.

MONG, DINO, benefit from Twitter buzz

Another meme coin that is catching the eye on Twitter and in the markets is mong coin. Per CoinMarketCap, MONG is currently priced at $0.0000000765, a 209.7% jump from the last 24 hours. In that period, the token also registered a trading volume of $37,282,935.

The token has been getting a lot of buzz on social media and was reported to have been the subject of more than 22,000 tweets in the last 24 hours.

Like MONG and PEPE, DINO has also generated a lot of conversation on social media, translating into positive market performance.

Pepe leads meme coin charge on crypto Twitter as market cap nears $500m - 2
DINO 24h price movement | Source: CoinMarketCap

As seen in the chart above, DINO registered a 162% jump in price, moving from $0.02082 to $0.06146 in one day.

Additionally, the meme coin registered a 786.38% increase in trading volumes when it had $1,572,950 worth of trades, up from $391,073 the previous day.