($PEPE), inspired by Matt Furie’s iconic frog character, has firmly established itself as a leading meme coin and one of the most lucrative for early adopters. Since the latter part of 2024, it has consistently ranked among the top three meme tokens by market capitalization.
Debuting in April 2023, PEPE kicked off a wave of frog-themed cryptocurrencies, none of which have managed to match its cultural impact or market success.
Now trading at roughly $0.00001228, PEPE saw a 1.7% increase in the last 24 hours, in line with broader market movements, although it has climbed 54.5% over the past month. With a total market cap of over $5.1 billion, it leads non-dog-themed meme tokens in terms of valuation and traction.
Although still down 54.5% from its December 2024 high of $0.00002803, chart analysis shows a descending wedge pattern forming from November to March—an indicator that often precedes a bullish breakout.
If investor enthusiasm and trading volume continue to rise, PEPE could reclaim and surpass its previous peak. Gemini AI forecasts a possible year-end target of $0.00015, an increase of 1121.5%.
Realistically, this target is a bit lofty, but it could be possible if we enter a bull run with a meme coin super cycle supported by celebrities shilling Pepe and exchanges listing it.