It is more, but it wasn't such a drastic increase.. it has been rising gradually due to the efforts of those who have been holding and buying. Not that it exploded in the way it seems in your description.

Imagine if the cryptocurrency Pepe ($PEPE ) made an incredible leap, going from $0.000000589 to $1.00! That would be an increase of approximately 170,000,000%! That's simply astronomical!
If this happened, here are some things that could occur:
- The market value of Pepe would skyrocket, making it one of the most valuable cryptocurrencies in the world!
- Investors who bought Pepe at lower prices would become extremely rich, with incredible returns on investment!
- Pepe could gain more attention and adoption, attracting new users and investors.