PEPE Meme Coin Gains Ground with Token Burn Amid Crypto Market Buz
PEPE, a meme-based cryptocurrency, burned $5.5 million worth of tokens, triggering a 30% price jump in response to the speculation around Bitcoin spot ETF approval. This reflects the growing influence of meme coins, driven by internet communities and social media.
Meme coins like Floki Inu and Pepe, along with projects like Mina, Injective, and ThorChain, led the recent crypto market gains.