$PEPE Pepe (PEPE), a meme token based on Ethereum, has experienced significant volatility recently.
Recent Price Movement
Currently, PEPE is trading around $0.0000113, marking a decrease of approximately 12% in the last 24 hours. This decline follows a recent peak of $0.00001493, reached after a viral post by former President Donald Trump on his Truth Social platform, which led to a trading volume increase of over 46%.
Factors Influencing the Market
Massive Sell-offs by "Whales": A major investor transferred 502.5 billion PEPE tokens to Binance, raising concerns about potential additional selling pressure.
Technical Consolidation: After a rise from $0.00000900 to nearly $0.00001550, PEPE is in a consolidation phase, trading between $0.00001200 and $0.00001450. A breakout above the $0.00001550 level could signal a new upward trend.
Outlook for 2025
Predictions for PEPE in 2025 vary:
Optimistic: Some analyses suggest a potential increase of up to 11 times, which could propel PEPE to the top of meme coins.
Moderate: Other estimates indicate a price range between $0.0000208 and $0.0000466, depending on market conditions and community growth.
Conclusion
PEPE remains a volatile cryptocurrency, influenced by factors such as the activity of large investors and trends on social media. Investors should be cautious and closely monitor market developments before making investment decisions. $PEPE