Frog meme inspired crypto Pepe valued at $740 million after surging 7,000%

Pepe, a cryptocurrency token inspired by popular frog meme, has reached a market valuation of $740 million, becoming the third-largest memecoin after Dogecoin and Shiba Inu. The token was launched on April 16 and surged nearly 7,000% in just 17 days. Pepe hit an all-time high on May 5, with its market capitalisation reaching $1.8 billion, according to CoinGecko.