In an unprecedented display of market momentum, PEPE, the frog-themed meme coin, has achieved a new all-time high price of $0.00001717, solidifying its position as the 21st largest cryptocurrency by market capitalization. With a trading volume exceeding $1.8 billion in the past 24 hours, PEPE has outperformed other prominent meme coins like Dogecoin and Shiba Inu, demonstrating its unwavering popularity among investors.

PEPE's remarkable journey has seen its market capitalization surge past the $7 billion mark, surpassing established altcoins like Litecoin and Polygon. This achievement is a testament to the token's growing influence and appeal, with its market cap increasing by over 100% since the beginning of May. Currently, PEPE trails only Dogecoin and Shiba Inu in the meme coin hierarchy, but its trading volume has eclipsed its rivals, indicating a strong demand for the token.

The token's success is not limited to its market performance; over 96% of PEPE holders are currently sitting on paper profits, according to IntoTheBlock's data. This widespread investor confidence has led to increased interest from cryptocurrency exchanges, with Binance recently adding the PEPE/EURO trading pair to its offerings and enabling trading bots services.

As PEPE continues its upward trajectory, many investors believe its bull run is far from over. Content creators like JAKE have expressed their optimism, stating that the token's market capitalization is "undervalued" and has significant room for growth. Others have suggested that PEPE's rally is still in its early stages and will pave the way for other meme coins to follow.

While investing in PEPE may seem like a lucrative opportunity, it's essential to exercise caution due to the token's inherent volatility. The blockchain analytics platform Lookonchain has reported instances of traders making substantial profits, such as one individual who made almost $2.5 million by purchasing PEPE in December last year and cashing out recently. However, it's crucial to approach meme coin investments with a clear understanding of the risks involved.

In conclusion, PEPE's unstoppable rise has cemented its position as a leading meme coin, leaving established altcoins like Litecoin and Polygon in its wake. As the token continues to defy expectations, investors must remain vigilant and informed to navigate the ever-changing landscape of the cryptocurrency market.