Pepe coin (PEPE) has achieved a significant milestone, reaching an all-time high and pushing its market capitalization above a certain amount for the first time.

The meme token has seen a substantial increase in value this year, outperforming other major cryptocurrencies such as Dogecoin (DOGE).

The recent price surge for PEPE coincides with a broader resurgence in the altcoin market, driven by Ethereum's rise to a certain level. The Altcoin Season Index also indicates strong trader confidence in the market's momentum.

Major U.S. exchanges have recently added support for PEPE trading, further increasing its visibility and trading volume. Additionally, other dog-themed meme coins have also experienced significant gains, reflecting a vibrant atmosphere in the meme coin sector.