In a significant milestone, frog-themed memecoin Pepe (CRYPTO: PEPE) hit $7 billion in market cap, with $4 billion added in May alone. What Happened: PEPE became just the third memecoin after blue-chip currencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to achieve this feat. The token outpaced not only rival memecoins, but also the wider cryptocurrency market, gaining roughly 135% over the month. Year-to-date, the Ethereum (CRYPTO: ETH)-based cryptocurrency has returned 12X to its holders. The mad rush for PEPE could be gauged by its high trading volumes in the last 24 hours, …
