Pepe The Frog, a memecoin based on the popular internet meme, has surpassed Dogecoin in trading volumes, recording $227K in the past 24 hours compared to Dogecoin's $168K. Despite being ranked 68th by market capitalization, Pepe has seen considerable gains, with its price increasing from an all-time low of $0.000002764 to an all-time high of $0.000004354. The token has been listed on multiple crypto-exchanges and is present on three blockchains.

However, the project has no formal team or development roadmap, and its value is entirely speculative. Recently, Coinbase's labeling of Pepe as a "symbol of hate" in a newsletter caused controversy among the crypto-community, leading some supporters to ask for an apology and others to transfer their funds to other platforms. This event supported Uniswap's DEX, which is performing better than Coinbase in terms of daily trading volumes by supporting PEPE.