Pepe's price has declined by 12% from its peak, yet there's been a remarkable 216% increase in trading volume, suggesting a surge in trader interest.
In just one month, a whale—a sizable memecoin holder—made almost $5 million in profit on the Pepe token. Is there potential for Pepe's price to increase in response to fresh retail interest?
The current trend of PEPE closely resembles the price movement observed prior to a 40% crash in January.
Pepe coin continues to captivate smart money traders, remaining a prominent trend as 250.5 billion PEPE tokens were traded while the token's price surged to a new all-time high of $0.00001097.
According to an analyst, CoinMarketCap documented an unprecedented 138 memecoins in April.