Pepe Coin Surges 16% — Leaves Dogecoin, Shiba Inu In Dust As Bitcoin Nears $29K

Pepe Coin (CRYPTO: PEPE) has witnessed a surge of 16% in the past 24 hours, surpassing meme coins with higher market capitalization like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: While the overall cryptocurrency market turned green due to the recent announcement of crypto initiatives by financial services institutions, a few developments in particular seem to have worked in favor of Pepe Coin.