$PEPE token flips $SUI in market capitalization rankings

CoinMarketCap’s data revealed that the PEPE token’s market cap surpassed SUI’s in the last 24 hours. The market cap of PEPE stood at $4.58B, while SUI had a market cap of $4.50B. Coingecko’s data ranks PEPE and SUI at #27 and #29, respectively. Only 2.7B SUI tokens were tradable on the market today, while PEPE’s tradable tokens amounted to 420T, as shown by Coingecko data.  

Earlier, the PEPE token marked its all-time high when its price went up by 14% while its market cap gained 15.37% within 24 hours, according to Coingecko’s data. Arthur Hayes also invested heavily in PEPE on September 27. He acquired 24.39B PEPE worth $252k using a wallet:0x6cd66dbd via CEX as whales continued to accumulate $PEPE. Coingecko’s data confirmed that SUI’s price had dipped by 3.5% in the last 24 hours, and its trading volume over the same period trailed PEPE by over a billion dollars.

PEPE token price rises as SUI plummets in market cap

Coingecko’s data revealed that $PEPE was stable at #27 in terms of market cap while SUI continued to drop. PEPE token’s price gained 12.7% in 24 hours and 31.7% in the last 7 days, while the market cap fluctuated between $4.53B and $4.58B. PEPE recorded a 24-hour trading volume of $2.45B, which was way above SUI’s trading volume of $859.8M over the same period. CoinMarketCap’s data confirmed that $SUI’s market cap was at $4.66B earlier today before it dropped to $4.5B.

The data also showed that $SUI’s ecosystem rallied past 30 days with a 100% pump on $SUI. The ecosystem moved from $600M to over $1B TVL. Data from Santiment showed that $SUI’s social engagement had soared to an all-time high less than 72 hours ago when it recorded a social volume score of 197 on September 25. According to analyst Ali, the amount of $SUI’s social media interactions was at an all-time high after its price gained 300% in the past 30 days. 

“The #SUI uptrend may have more room to grow, but the heightened market attention hints that a short-term correction could be on the horizon.” 

– Ali

Coingecko’s data revealed that $SUI added 132% to its market capitalization in 21 days while it was listed among the top 100 best performers with a growth of 50%. According to a recent K33 Research report, $SUI would find it difficult to flip the heavyweights with an unlocked supply of only 27%. 

Arthur Hayes backs $PEPE token after dumping PENDLE   

A wallet associated with crypto mogul Arthur Hayes accumulated 24.3 billion $PEPE worth $252K on September 27. The wallet is valued at $48 million with $PEPE as its third largest holding accumulated the $PEPE via Binance (CEX). Its top 5 holdings in descending order according to PEPAY included $ETH, $USDC, $PEPE, $JUICE (BLAST), and $AUKI (Base). 

Hayes disclosed in an X post that it was ‘time for a memecoin breakout,’ and he respected his $MOTHER | $MOG ‘like no one else.’ “But I can’t neglect my $Pepe,” he added.

Another anonymous wallet, 0x6e74abe08b, valued at 200 K and with $PEPE as its largest holding,  accumulated 22.6 billion $PEPE worth $194K on September 24. The wallet acquired the $PEPE in two swaps: first, it swapped 37.5 $ETH to 11.4 billion $PEPE, then 36 $ETH to 11.1 billion $PEPE. 

Additional reporting by Noor Bazmi