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Home CRYPTO

PEPE’s Wild Ride to 9.9%: Will It Go Beyond Previous All-Time High?

Matoy by Matoy
January 31, 2025
in CRYPTO
Reading Time: 3 mins read
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  • Market cap holds firm at $6.03 billion, keeping PEPE in the meme coin game.
  • 24-hour trading volume rockets past $1.05 billion, hinting at renewed interest.
  • Price fluctuates between $0.00001278 and $0.00001446, signaling possible momentum.

PEPE is proving that it’s not just another forgotten meme coin. With a market cap of $6.03 billion, it continues to rank among the top contenders in the space. What’s interesting here is that its fully diluted valuation matches its market cap, meaning all tokens are already in circulation. That eliminates the risk of sudden dumps from unlocked supply, making PEPE’s price movements purely a game of demand and speculation.

FOMO or Smart Money?

Based on the CoinGecko data, PEPE has seen over $1.05 billion in trading volume in the past 24 hours, which is huge. When volume spikes like this, it usually means one of two things: either new buyers are rushing in, hoping to ride the next wave, or big holders are taking profits while the hype is high. If the trend keeps up, PEPE could be gearing up for another leg up, but if volume starts dropping, it might mean the rally is losing steam.

CoinGecko

Meme Coin Madness: PEPE’s Market Cap Shows Strength

PEPE has been bouncing between $0.00001278 and $0.00001446 over the past day, showing signs of consolidation. This could mean that traders are waiting for a clearer direction before making big moves. If PEPE manages to break above the $0.00001450 level, there’s a good chance it could keep climbing. But if it slips below $0.00001275, it might face a temporary pullback before the next rally attempt.

The Bigger Picture: Where Does PEPE Go From Here?

PEPE’s been here before—crazy spikes, wild hype, and then periods of silence. But with meme coins, momentum is everything. If Bitcoin and Ethereum stay strong, PEPE could ride the wave. If the market cools off, meme coins are usually the first to feel the impact. Either way, with liquidity this high and volume pumping, PEPE isn’t going anywhere just yet.

For now, traders should keep an eye on its price action and overall market sentiment. The next few days will be crucial in deciding whether this is just another hype cycle or the beginning of something bigger.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: PEPE
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Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

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