PeiPei, an Ethereum-based meme coin, has recently become the top gainer among the 500 largest cryptocurrencies. This surge comes after a period of mild recovery in the broader market following a decrease in Bitcoin’s selling pressure. Previously, PeiPei experienced a significant drop, falling 43% from its all-time high of $0.00000002960 on July 1 to $0.00000001691 on July 6.

With the crypto market showing signs of stability, PeiPei demonstrated resilience despite a lack of buying pressure. This led to a consolidation phase observed across the entire market. However, this week has been particularly favorable for PeiPei, with an 11.14% gain on Monday.

The meme coin capitalized on this rebound, spiking 28.23% on July 9 and registering another rally this morning. PeiPei eventually recovered its recent losses, hitting a new all-time high of $0.00000003230 earlier today.

PeiPei’s market cap has surged to $119 million, making it the 300th largest crypto asset.

Despite a sharp correction from this peak, the token has retained a 9.89% gain today, with a 42% increase over the past 24 hours. This positions PeiPei as the biggest gainer among the top 500 crypto assets in the market.

Amid this uptrend, PeiPei’s social volume has seen a significant increase. The token is now among the top trending assets on major platforms, contributing to a 65.76% rise in 24-hour volume to $190.06 million, indicating growing interest.

Launched in June, PeiPei has experienced a 771% increase in value since then, with a 53.94% surge in the past week, currently trading at $0.00000002940. The coin is listed on over 12 centralized exchanges, including MEXC, Bybit, and Gate.io. The project also announced a partnership with Brazilian UFC fighter Gilbert Burns earlier this month.

Despite these achievements, PeiPei has not yet solidified its reputation in the crypto scene, with limited information on its founders and a vague roadmap. Investors are advised to exercise caution.

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