Pepe coin has reached a new marketcap of 750 million, an all time high.

This is after the FOMC presser by Jerome Powell.

What is incredible is that PEPE now has a larger marketcap than some regional banks, after their collapse on May 4th.

Based on Pepe the Frog memes, PEPE tokens follow an established pattern characterized by social media-fueled hype. PEPE was created on April 14th, 18 days ago.

First drawn by American cartoonist Matt Furie in 2005, at various points Pepe the Frog has acted as a 4-chan in-joke, an alt-right icon, and a symbol of resistance used by Hong Kong protesters. Where this meme will go next is anyone’s guess.