PEPE, the largest Ethereum-based memecoin by market capitalization, has surged approximately 230% from its low of around $0.0000078 on November 5, reaching an all-time high of $0.00002597 on November 14. Its trading volume increased by 124% over the last 24 hours to $19.6 billion, and its market capitalization briefly peaked at $10.2 billion. The price momentum has been fueled by listings on major exchanges like Robinhood and Coinbase, as well as growing investor interest amid a favorable political environment anticipated under President Trump's administration. The overall memecoin market has also experienced a resurgence, with total market value reaching $116.5 billion, driven by significant gains across various memecoins. PEPE's open interest has risen by 160% during the same period, indicating bullish sentiment among futures traders. As trading activity intensifies, traders are optimistic about continued upward price movement.

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