The post PEPE Price Hits New ATH, Gaining 50%: Should You Invest Now? appeared on BitcoinEthereumNews.com.

The Frog-theme-based memecoin Pepe (PEPE) price made its fresh ATH (all-time high) of $0.00001718 yesterday and was in strong bullish momentum. 2024 is unofficially the year of memecoins and PEPE is among the coins that soared the most. Though PEPE price was in an uptrend, after the rounding bottom formation breakout, the memecoin exceeded the bull run and rallied over 50% this week and over 140% this month. What Triggered the Massive Bull Run in PEPE Price? Pepe Coin entered like thunder in the crypto world and has surprised traders and investors. It crossed the $1 Billion market capitalization in just 20 days and reached the milestone. Recently, the Ether ETF launch news fueled the buying pressure in the memecoin community, resulting in speculative moves. Interestingly, PEPE surged the most and skyrocketed over 140% this month. No doubt crypto enthusiasts have witnessed the bull run in the memecoin and are eyeing further upside, but the price action suggests that it might revert from the top anytime. At press time, Pepe (PEPE) price was trading at $0.00001627 with an intraday gain of 2.11%, reflecting massive bullish momentum on the charts. The market cap rose to $6.98 Billion, and the trading volume rose over 23% to $1.98 Billion. Per @lookonchain on X, significant whale activity had fueled the buying pressure in the last few weeks. A whale withdrew 2,034 $ETH($7.95M) and 123.8B $PEPE($2.06M) from #Kraken 10 mins ago. This whale has withdrawn 4,702 $ETH($18M) at $3,828 in the past 28 hours. He has withdrawn 481.77B $PEPE($8.03M) at $ 0.00001 since Mar 16 and currently has an unrealized profit of $3.17M.… pic.twitter.com/HpX34PGLAw — Lookonchain (@lookonchain) May 27, 2024 Source: X PEPE Soared 140% this Month: Still Safe to Buy Pepe?  Amidst the market uncertainty and sharp volatility, the memecoin pocket continued to reward…

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Filed under: News - @ May 28, 2024 3:18 pm