Pepe Rallies 13% Amid Meme Coins Sector Recovery, Price Hits ATH

25 במאי

Pepe coin (PEPE), a popular meme cryptocurrency, has experienced a significant price surge, reaching a new ATH of $0.00001577. The frog-themed meme crypto has been on a bull run, with weekly gains of over 50% and an over 100% price upswing recorded over the past month. The token has gained significant investor interest and secured the 20th spot on the top cryptos by market cap list. Pepe coin (PEPE) has recently secured the 20th spot on the top cryptos by market cap list, indicating a highly bullish market outlook.

Jwynn.eth, a renowned crypto trader, deposited a staggering 491 billion PEPE to Binance, one of the world's leading crypto exchanges, to take profits amid the price rally. As of writing, PEPE's price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Coinmarketcap data shows that PEPE rallied 53% over the past week, while monthly gains totaled 104.42%.

Mixed sentiments prevailing for PEPE among investors were illustrated by Coinglass data, with OI surging 21.58%, although derivatives volume dipped 41.05%. The RSI continued to surf in the overbought territory, at 74, birthing market sentiments of a potential due price correction.