Pepe memecoin flips Uniswap token in market cap, hits all-time high

According to data from CoinMarketCap, Pepe has a maximum supply of roughly 420 trillion tokens, with all tokens already in circulation.

Popular memecoin Pepe (PEPE) overtook Uniswap’s token (UNI) in terms of market capitalization on Dec. 7. The frog-themed memecoin currently has a market capitalization of over $11 billion compared to UNI’s market cap of approximately $10.6 billion — hitting a new all-time high in the process.

According to data from CoinMarketCap, Pepe gained approximately 16.8% during the past 24 hours and is up roughly 26% over the past seven days.

At the beginning of 2024, Pepe had a market cap of approximately $591 million. The popular memecoin briefly crossed a market cap of $11 billion on Dec. 5 and is currently floating around that level. The $11 billion market cap represents growth of roughly 18x since the start of the year.

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