Ethereum memecoin $PEPE has seen record growth, surpassing 255,000 token holders amid a market decline. The token is approaching a $4.20 billion market cap, with 656 new holders added in a day. The token's market cap reached an all-time high of $1.8 billion in 19 days during a bear market, and it currently sits at $3.9 billion. The memecoin is expected to continue growing, with predictions of reaching $10 billion soon.