Bullish: Pepe Inu ($PEPE) Active Users Surge 230% in 30 Days, Outpacing Dogecoin and Floki

IconCryptoNewsTerminal Staff28 May, 2024

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Bullish: Pepe Inu ($PEPE) Active Users Surge 230% in 30 Days, Outpacing Dogecoin and Floki

The popularity of Pepe Inu ($PEPE) has surged in recent weeks, with data from IntoTheBlock revealing a significant increase in daily active addresses. Within the past 30 days alone, the number of daily active addresses holding $PEPE has more than doubled, experiencing an impressive 230% growth, reaching 9,830. This growth significantly outpaces that of other popular meme coins, such as Floki ($FLOKI) and Dogecoin ($DOGE). During the same period, Floki saw a 179% increase in daily active addresses, while Dogecoin experienced a more modest 10% growth. The surge in activity for $PEPE highlights the growing popularity and interest in the project. Investors and traders are taking notice of the project's strong fundamentals and unique value proposition, leading to increased adoption and trading volume. Analysts believe that the recent surge in daily active addresses is a positive sign for the future of $PEPE. It indicates that more and more people are using and holding the token, which can drive up its value over time. Overall, the substantial increase in daily active addresses for $PEPE within the past 30 days suggests a bullish outlook for the token. As the project continues to gain traction and popularity, it is likely that we will see further growth in its user base and adoption.