Pepe (PEPE) has emerged as the top performer among meme coins, with gains in the past week pushing it to new all-time highs and a market cap of over $11 billion. Meanwhile, as analysts project a bullish continuation for cryptocurrencies, new project iDEGEN is making headlines of its own.
With Pepe’s resurgence an indicator of what community resolve means, what does it mean for iDEGEN (IDGN)?
Pepe soars to $11 billion market cap
Pepe (PEPE). The meme coin has recently crossed the $10 billion market cap milestone, dwarfing other top ten themed tokens over the past month.
Key to this has been catalysts like exchange listings, whale accumulation and bullish projections. In terms of trading support, Coinbase, Binace.US and Robinhood have all announced listing of the frog-themed meme coin.
The surge to above $10 billion market valuation has PEPE poised for what could be a new rally.
In a post on X, Lookonchain shared one Pepe holders staggering gains of over 24,656x. The address bought $3,000 worth of PEPE in April 2023 and turned that into more than $73 million. As the meme coin rose, the trader sold over 3 trillion PEPE for $27.5 million.
According to one cypto investor and analyst, Pepe is the current bull cycle’s “cultural leader.” The coin’s massive retail backing suggests it may yet see another huge run.
iDEGEN takes crypto market by storm
Crypto news this past has included continued interest from institutional buyers.
The charge is led by Bitcoin spot ETFs and top digital asset investments of leading coins. Trump’s pick of former SEC Commissioner Paul Atkins for the SEC chair role to replace Gary Gensler, and crypto advocacy groups’ opposition to the renomination of Caroline Crenshaw for another term have also been headline news.
However, taking the market by storm is iDEGEN (IDGN).
Although BTC, ETH and even PEPE stand out among top coins in this cycle, iDEGEN has emerged as one of the projects to watch as its presale dominates the market.
iDEGEN is a Solana token that blends meme culture, agentic artificial intelligence and the power of the the degen community. Being AI born means iDEGEN learns and evolves every hours amid a countdown towards sentience. As an AI agent that learns from scratch, iDEGEN has the potential to bring into the spotlight anything its posts on every 60 minutes.
The market is familiar with such projects after Terminal of Truths’ posting of Goateus Maximus &- the meme’s explosive performance saw it dominate portfolios.
It’s the potential that has investors flocking to the IDGN presale, with total raised at over $3.6 million. Meanwhile, traders have scooped over 750 million tokens.
Interested in learning more about this project? Visit the iDEGEN pre-market auction page.
The post Spike sends PEPE to $11b market cap; iDEGEN hits $3.6m appeared first on CoinJournal.
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