$PEPE

All-time high: Is the MEME coin back?

Long story short

PEPE hits all-time high, up 22% on a daily basis.

Centralized exchanges ensure PEPE reacts immediately to hype.

PEPE’s 12-month gain is higher than DOGE and SHIB.

The reawakened Roaring Kitty account on X has given an irrational boost to PEPE’s recent gains.

The entire crypto market rebounded, rekindling hopes of altcoins rally. The first and biggest mover this time was the meme token. On sheer meme energy, Pepe (PEPE) was one of the big rallies of the past day, rebounding nearly 20%. PEPE’s valuation reached record levels, but it may stop there. Instead, the community sees an opportunity to enter another price discovery period with no end in sight.

PEPE is up another 22.95% on a single day and another 25% on a weekly basis. The Meme Token is trading at $0.00001036, hitting a new all-time high after recovering 50% of its losses. Such a price move is not impossible in an extremely low price range. But PEPE is more than just a pump token; it is an indicator of energy returning to the crypto market.

PEPE is fully live with 100% of the circulating supply. It is also one of the most traded tokens, with nearly half of the volume in 24 hours. The token is also backed by a community committed to holding, so it has the ability to rebound from lows.

There is limited decentralized trading for PEPE, with less than 1% of the total volume occurring on Uniswap. Despite this, some PEPE has made its way into small DeFi protocols, bridges, and lending platforms. PEPE holders may not want to sell immediately for profit, but rather hold the token as a tool for future growth and a more influential brand.

Can PEPE Eat Another Zero?

The recent rally in PEPE showed no signs of stopping over the past day. The question remains whether PEPE is ready to eat another zero if the boom in altcoins and memecoins continues. A big driver for PEPE is that its community expects more than just short-term growth. The goal is a meme supercycle where PEPE becomes more prominent. In the war of “frogs and dogs”, PEPE aims to become a top 10 coin, replacing ShibaInu (SHIB) and even Dogecoin (DOGE).