Pepe Feels Lonely in Green as Crypto Market Experiences Pullback

Pepe Bucks the Market Trend

According to CoinMarketCap, Pepe (PEPE) stands as the sole digital asset among the top 20 largest cryptocurrencies to retain a green candle. While its modest 0.91% gain may seem insignificant, it sets it apart in a landscape dominated by red.

This surge has propelled the meme coin past Litecoin (LTC), with a market capitalization now exceeding $6 billion.

Shiba Inu Falls Behind

In contrast, Shiba Inu (SHIB) has emerged as one of the top 20's worst performers. After a 4% decline over the past 24 hours, it has tumbled out of the top 10, now trailing Toncoin (TON) and Cardano (ADA).

Other Notable Movements

Dogecoin (DOGE) has also seen a 3% loss, despite recent indications of whale activity supporting its value.

The Near Protocol (NEAR) has been the worst-performing coin among the top 20, dropping more than 4%.

Pepe's Resurgence

Data from IntoTheBlock suggests that a remarkable 96% of Pepe holders remain in profit. This has solidified its position as the most lucrative investment among major meme coins.

On May 27th, the meme coin hit an all-time high of $0.00001717, but has since corrected by over 12%.

Despite intensifying competition within the meme coin sector, Pepe has emerged as the third-largest meme coin, with a valuation exceeding $6.3 billion.

Market Speculation

Polymarket users are actively speculating on whether Pepe will surpass Solana-based dogwifhat in reaching a market capitalization of $10 billion first.