Pepe is on fire and one of the biggest winners as the crypto market has seen a massive rebound over the past day.
Ethereum has soared over 23% to around $2,400, but it’s meme coins that have seen the biggest gains. Pepe has pumped 43%, with the likes of Brett, Fartcoin, and Dogwifhat also seeing significant gains.
Pepe has also overtaken leading meme coin Dogecoin in 24 hour trading volume, seeing a volume of $3.2bn compared to DOGE’s $2.5bn.
Pepe looks set for even more gains as positive sentiment returns to the market, while the new meme coin MIND of Pepe is also showing bullish potential.
Pepe Emerges as Top Ethereum Beta
Ethereum has just reached a two-month high by surging 16% in the last 24 hours. Yet, Pepe investors are making the biggest gains.
Pepe has long been known as an Ethereum beta. It typically follows Ethereum’s trajectory, except with more volatile swings.
In bullish periods, that’s good news for Pepe holders – and right now, we’re in one of the most bullish periods of the past year – Ethereum is forming its strongest weekly candle since November 2024.
Thanks to Ethereum’s strength, its ecosystem tokens are soaring. Ethena is up 13%, Arbitrum is up 10%, and Lido DAO is up 16%. However, Pepe’s 43% rise makes it one of the highest gainers, underlining its star power.
Ethereum’s strength comes amidst a broader market rally and an ecosystem-specific renaissance as the Pectra upgrade goes live. Many call Pectra the biggest ecosystem upgrade since The Merge, with modifications to everything from wallet capabilities to staking mechanics.
The upgrade has also made Ethereum deflationary again, meaning tokens are being burned at a faster rate than they’re being created. This reduces market supply and means incoming demand can better impact the price.
All of this creates an exciting outlook for Ethereum, and, by extension, Pepe.
Pepe Tipped to Follow Dogecoin 2021 Fractal – Big Gains Ahead?
Pepe is the largest meme coin to emerge in this current market cycle and also the second-largest meme coin on Ethereum, following Shiba Inu.
Given its position as this cycle market-leading meme coin, some analysts compare Pepe to Dogecoin.
One trader who goes by Rexha noted that Dogecoin rallied to a $13 billion market cap last cycle before retracing to $5 billion and ultimately soaring to its infamous all-time high, marking well over a 10x gain from the dip.
He highlighted that Pepe is following a similar trajectory, the only difference being increased volatility due to its November Coinbase listing.
However, Pepe is back on the Dogecoin fractal path, suggesting it could see an explosive run in the coming months.
The timing is perfect.
Everything lines up.
Doge went to 13b then down to 5b before RIPPING to 100b
Accumulation takes TIME.
That time has passed.
We are ready to moon frens the moment we waited so long for is here.$PEPE https://t.co/i61hjxb7gw pic.twitter.com/PkfJFTvOpx
— Rexha 🐸 (@RexhaRexhaRexha) May 8, 2025
Indeed, this would align with the favorable conditions across the crypto market. Ethereum looks strong due to its recent Pectra upgrade, and the broader crypto market appears poised for further growth due to improving regulatory and macroeconomic conditions.
Pepe has been a top performer today, suggesting that it could continue to rise as the market advances. However, experts are tipping AI-powered Pepe alternative MIND of Pepe for more substantial gains.
Could MIND of Pepe Pump Even Higher? New Meme Coin Predicted to 100X
The only cryptocurrency that definitively outperformed Pepe today is Virtuals Protocol, an AI agent launchpad.
So what happens when you combine the AI agent niche with Pepe? Indeed, it would create an immense growth opportunity.
With that said, MIND of Pepe could prove one of the best Pepe alternatives to buy right now. It’s a Pepe-themed AI agent, combining Pepe’s viral allure with market-shaking AI utility.
The agent can scan the crypto market to identify trading opportunities, and if it can’t find any, then it can simply launch its own crypto projects.
$MIND holders will get exclusive access to the agent’s trend analysis and insider information on the token launches, ensuring they get the best possible entry prices.
The project is currently undergoing a presale, which has raised $8.9 million so far, showing massive market appeal.
MINd of Pepe is also drawing considerable attention from analysts, with Alessandro de Crypto recently suggesting it could see 100X gains.
However, the presale will end in 30 days, and then $MIND will list on the open market.
As such, potential investors shouldn’t wait around to get involved.
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
