# The Rise of Pepe

*Author: Bankless*
*Published: May 29, 2024*
*Source: https://www.bankless.com/es/read/the-rise-of-pepe*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-24T120113.373-2.png)](https://www.ora.io/?utm_source=newsletter&utm_medium=edm&utm_campaign=bankless_onboarding)

  

The Rise of PEPE
    
  

  
  Published on May 29, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
SEC Slapped with Fine
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--33-.png)](https://www.bankless.com/dashboard)- 👨‍⚖️ **Judge Orders SEC to Pay Crypto Startup's Legal Fees. **The SEC ordered to pay $1.8M in Debt Box case.
[*Read more on Bankless.com*](https://www.bankless.com/judge-order-sec-to-pay-crypto-startups-legal-fees)
-  **Gemini Earn Depositors Made Whole.** Depositors in the program get a happy ending to a drawn-out saga.
[*Read more on Bankless.com*](https://www.bankless.com/gemini-earn-depositors)
- **⭕️ Vitalik Spotlights Ethereum's L2 Cultural Advantages. **Ethereum's nested networks bring diversity to the network, he says.
[*Read more on Bankless.com*](https://www.bankless.com/vitalik-l2-diversity)

.  .  .

 
  
    

    TODAY IN MARKETS

  
  
    
Grayscale Loses the Crown
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet](https://twitter.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-29T183642.168.png)](https://www.bankless.com/grayscale-loses-etf-crown)**📊 New King.** The Grayscale Bitcoin Trust (GBTC) was initially created in 2013 and launched as the largest spot BTC ETF by assets under management thanks to a decade-long head start that allowed it to accumulate nearly $30B in BTC. Yesterday, GBTC’s reign came to an end. *Which ETF has taken its place, and what conclusions can we draw from this development?*

[Read More Analysis on Bankless.com](https://www.bankless.com/grayscale-loses-etf-crown)

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.53T
       

  
    
    ↘ 1.5%
    
  

   
    
    ↘ 1.6%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $67,592
       

  
    
    ↘ 1.3%
    
  

   
    
    ↘ 2.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,775
       

  
    
    ↘ 2.1%
    
  

   
    
    ↗ 0.9%
    
  

  

.  .  .

 
  
    

ANALYSIS

  
  
    
   
The Rise of PEPE
  
  
   
     
     Bankless Author: 
     
      [
       
       David C.](https://x.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-29T183627.916.png)](https://www.bankless.com/pepe-return-and-rise)Up over 100% this month and over 1100% year-to-date, PEPE has rocketed into the slot of the third-largest memecoin with a whopping [$6.2B market cap](https://coinmarketcap.com/currencies/pepe/). 

The infamous frog has made a significant impact on the Ethereum memecoin ecosystem since its launch in April 2023, rising to become one of the highest consensus plays of this cycle so far.

*In this article, let's get a sense of where the token is at and where it may be going *👇

[Get the Rundown](https://www.bankless.com/pepe-return-and-rise)
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