Pepecoin Price Doubles as Memecoin Fever Rises Again

Pepecoin's price has doubled in a week to a $500M market cap as memecoin fever rises
The frog-themed memecoin was an optimism beacon in the recent bear market, reaching $1.6B market cap in May
Hype wore off as market cap slipped to $244M this month, but uptick in volume and activity has lifted it
Recent gain partly attributed to $5.5M token burn that alleviated fears of a developer selling tokens
Pepecoin and other memecoins rallied as bitcoin surged on growing hopes for a U.S. spot ETF approval