#PEPE is up over 2500% this week & over take Shiba Inu, Dogecoin price. PEPE already king of the Crypto Market #TrendingTopic
Pepe Coin (PEPE) has rallied by more than 2500% this week, displaying a remarkable bullish momentum across the global crypto market.
Several other meme coins, including Bonk (BONK), have also recorded double-digit gains this week.
Pepe’s remarkable climb
Amidst the frenzy of the crypto market, Pepe Coin has emerged as a standout performer, trailing behind meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE).
Contrary to initial perceptions of diminishing value, PEPE has experienced a diverse trajectory, transforming into a billion-dollar asset during periods of speculated trend reversals.
Pepe Coin’s journey in February witnessed a consistent upward trajectory, culminating in a 255% rally over the week, as the meme coin’s price hit $0.0000041. Analyzing the weekly and daily chart patterns, the sustained growth indicates potential for further upward movement.
During this surge, six prominent wallets engaged in substantial PEPE trades, involving approximately 2 trillion coins.
The total transactions amounted to $4.37 million, yielding profits close to $2 million for the traders. This significant market activity underscores the heightened interest in PEPE.
Pepe’s controversies
However, the resurgence of PEPE prompts a revisit to past controversies. In January, the PEPE token team addressed a series of suspicious wallet transactions, distancing themselves from “nefarious” former team members. The swift denial and clarification that such activities are not linked to the current team suggest a complex backstory involving rogue developers.
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