According to CoinGecko’s data, PEPE has entered the top 100 coins, after a fascinating journey over the past two weeks.
Unlike other new coins with unconventional origins, PEPE has not experienced rapid surges and dumps due to its perceived lack of seriousness.
In fact, since its launch in mid-April, this memecoin has only gained strength.
PEPE has increased by 90% in the last 24 hours, and its price is now near its all-time high. Market players have been investing in this token in hopes of striking it rich, and some have already made remarkable returns.
Three smart traders, according to data compiled by crypto analytics provider Lookonchain, have sold part of their PEPE investment and earned over $1 million in profits in just two weeks.
The surge in PEPE’s price has put tremendous pressure on the crypto-asset. Still, adventurous traders who invested relatively small amounts in the coin have become millionaires, triggering FOMO in the space reminiscent of the epic rally of the OG memecoin – DOGE.
PEPE’s listing on several cryptocurrency exchanges, including Huobi, Gate.io, MEXC, and more recently, Seychelles-based OKX, has also contributed to its upward trajectory.
The rise of PEPE has caught the attention of many in the cryptocurrency world, with some hailing it as the next big thing in the memecoin space. The token has managed to outpace many of its competitors, including popular memecoins such as Dogecoin and Shiba Inu, in terms of both market cap and price performance.
PEPE’s success can be attributed to several factors, including its strong community of supporters and the novelty of its concept. The token has managed to create a niche for itself in the memecoin space, and this has helped it stand out from the crowd.
In addition to its strong fundamentals, PEPE has also benefited from the recent surge of interest in the cryptocurrency market. With Bitcoin and other major cryptocurrencies reaching new all-time highs, investors are looking for alternative assets that can provide higher returns, and PEPE has emerged as one such asset.
Despite its success, however, some experts are warning that the memecoin market is highly volatile and unpredictable, and caution that investors should approach these assets with caution. While PEPE may continue to rise in the short-term, there is always the risk of a sudden crash or sell-off, which could wipe out a significant portion of investors’ gains.
Overall, the rise of PEPE is a testament to the power of the memecoin phenomenon, and its success is likely to continue to attract attention from investors and traders in the coming months.