Let's take a closer look at PEPE, that cheeky meme coin that's been making waves in the crypto world. As of January 7, 2025, PEPE is trading at approximately $0.0000203, with a market cap around $8.5 billion and a 24-hour trading volume of $1.24 billion.
Recently, there was a significant purchase where an investor bought over 105 billion PEPE tokens for $2 million, indicating strong interest in this meme-based cryptocurrency.
However, technical analysis suggests that PEPE may face selling pressure if it approaches the $0.00002400 price range, potentially leading to a price decline.
