Saudi Pepe Pumped To $30 Million In Trading Volume
April and May 2023 seems to be the months for meme coins. The parody coin ecosystem has seen exponential growth in such a short time and has been one of the highest profit grosses in an ecosystem impacted by macro-economic events.
One such meme coin turning heads in the crypto space is the Saudi-themed project of the popular Pepe-the-frog project Saudi Pepe.
The meme coin has since gone on to gross over 1,400% in one day in price performance and has recently hit over $24 million with its market cap swelling as well.
Much like its older counterpart, Saudi Pepe is becoming something of an overnight success with a growing number of investors buying into it.
However, a new wave of meme projects are sweeping in the embodiment of AIDoge and SPONGE.
Saudi Pepe is the Arabian version of the Pepe project. It is also another community-driven meme project that has taken the crypto space and internet by storm.
Like its older counterpart, Saudi Pepe is making remarkable waves in a tightly-contested crypto niche that has heavyweights like Dogecoin and Shiba Inu and thriving remarkably.
The Middle East meme project is up over 1,400% in the last day following its registration on the CoinMarketCap website. At press time, Saudi Pepe with the ticker symbol SAUDIPEPE is trading at $0.0014, up 1,487.53% so far.
Its 24-hour trading volume has been eye-popping with $30 million of the meme tokens already traded.
Its market cap has also followed suit with the CoinMarketCap website recording over $11.6 million so far and its fully diluted market cap standing at $13.3 million plus net.
While many meme coins are guilty of lacking any real world utility, Saudi Pepe is an exemption of this rule.
The project is looking to offer utility as non-fungible
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