Potential reasons behind Pepe significant pump
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PEPE is one of the best examples of "flight to moon" which changed many traders to be millionaires.
According to PEPE's official website, "PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only."
Usually Meme coins seems to have high volatility, that is what about Pepe also.
Recently Robinhood Crypto EU offers it's trades into Arbitrum(Arb), Celestia, and Pepe Coin in selected European Union jurisdictions.
This works as an catalyst to Pepe price and pulled it up in gainer. High demand of Pepe or influence of whales could also be the factor of its increased price, but one thing to be remembered that Pepe is a coin with" no fundamentals or has no utility".
Investors believed that Pepe would be the next more hyped coin so fingers crossed
