News May 5, 2023 First Mover Americas: Meme Coin PEPE Surges to $1B Market Cap The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
News May 5, 2023 Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain.
News May 5, 2023 Pepe Coin Shorters Lose Millions as PEPE Jumps to $900M Valuation The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending.
News May 4, 2023 Funding Rates in the $500M Market Cap PEPE Token Remain Negative Negative funding rates indicate dominance of bearish positions in the perpetual futures market.