Memecoins
Pepe Coin Rallies 13% Amid Meme Coin Sector Recovery, Price Hits New ATH
Pepe coin, a famous frog-themed cryptocurrency, continued to defy broader market sentiments of a due price correction and once again reached unprecedented levels. The frog-themed cryptocurrency hit a new ATH today amid the coin sector recovery, solidifying its position and attracting significant attention in the global crypto space.
With weekly gains of over 50%, followed by a price rally of over 100% recorded over the past month, the meme coin has become a favorite on the radar of traders and investors in the crypto market. cryptography. Here is a brief report on current Pepe coin market statistics.
Pepe Coin Bull Run: A Closer Look
Notably, PEPE started the year on an optimistic note as the token embarked on a bull run in March. Additionally, it continued to hold above critical price levels, continuing to pump towards new ATHs.
Pepe coin reached a new ATH of $0.00001577 today, May 25, attracting significant investor interest. This ATH follows a 13% price rise, as mentioned above.
Although Coinglass saw $4.58 million in liquidations, the token is seeing a phenomenal recovery today, drawing more investor attention to the frog-themed meme token.
CoinGape Media earlier reported that Pepe coin recently secured the 20th spot on the list of top cryptos by market cap. Coupled with the developments mentioned above, PEPE paints a picture of a very optimistic market outlook.
Additionally, jwynn.eth, a renowned crypto trader, deposited a staggering 491 billion PEPE on Binance, one of the world’s leading crypto exchanges, to make profits amid this price rise. It should be noted that the trader believes that PEPE is still undervalued.
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PEPE prices increase by 13%
At the time of writing, The price of PEPE has gained 12.33% in the last 24 hours and is currently trading at $0.00001548. Its 24-hour low and high are $0.00001366 and $0.00001559, respectively. Data from Coinmarketcap shows that PEPE rose 53% over the past week, while monthly gains totaled 104.42%.
Additionally, Coinglass data illustrates mixed feelings towards PEPE among investors, with OI surging 21.58%, although derivatives volume fell 41.05%.
The RSI continued to hover in overbought territory, at 74, giving rise to market sentiment of a possible price correction.
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