Meme coins have always attracted the crypto community, often seen as unpredictable yet entertaining assets, with countless success stories.
Today, PEPE has undoubtedly become a standout in the market.
According to CoinGecko, the frog-themed PEPE has surged recently, with its market cap exceeding $10 billion. In the past week, PEPE has risen by 20%, further solidifying its strong competitive position in the meme coin space.
A 10-fold increase by 2025; can it break through the barriers?
With its unique charm and immense popularity, PEPE has solidified its status as one of the most promising meme coins in the market.
Its growth has cultivated a loyal following, making it the third largest meme coin by market cap, with a peak value of up to $11 billion.
As of December 14 at 11 AM, its price was $0.00002437. PEPE has shown a strong bullish trading pattern over the past month, leaving everyone wondering: how far can it go?
According to Coin Codex, it is expected to reach $0.00008177 by January 2025, with further predictions indicating it will climb to $0.000118 by the end of this year.
Analysts at Changelly have taken a more cautious stance, predicting it will reach $0.0000389 by 2025, but hinting at a significant breakthrough in 2026, potentially reaching $0.0046.
Considering that PEPE has soared 1624% this year alone, its astonishing momentum shows no signs of slowing down. Some optimists even believe it could achieve a 100-fold increase in valuation next year.
Could it be that Musk is also a supporter of PEPE?
As the father of Dogecoin (DOGE), Musk has been riding high in recent days, as Tesla's stock price has skyrocketed, making him the world's first billionaire with a net worth exceeding $400 billion.
Musk frequently uses various popular memes on X, often causing corresponding token prices to surge.
In a recent series of tweets, Musk openly expressed his fondness for the PEPE meme, and related popular tweets caused a stir in the PEPE community, with one even leading to a more than 14% surge in PEPE.
In a popular post, a meme posted by Musk stated that 'ordinary people' know that two plus two equals four, while others ask for 'sources?' This is one of many ways to deny news or data considered credible. The 'ordinary people' in the post are depicted using Pepe's image.
In fact, since before November, Musk has posted multiple PEPE memes and continues to claim that his X platform has become the only trustworthy news source, while mainstream media is controlled by left-leaning political forces.
One of the most talked-about posts among netizens was when he retweeted an image of Pepe the Frog, depicting a Roman general standing in a coliseum.
That tweet was titled 'Kekius Maximus,' clearly referring to Ridley Scott's films (Gladiator) and (Gladiator 2), which were released in 2000 and 2024, respectively. At the time of that tweet, the PEPE token surged by about 14%. The image was generated with the help of the upgraded Grok chatbot, after which Musk posted several other images of Pepe the Frog created by Grok and designed by his startup X AI.
Major holders are in action; is it a good time to buy?
Recently, major players in the cryptocurrency market have shown signs of frequent trading.
Nine wallets, believed to belong to the same major holder, have independently sent $13.8 million worth of DAI stablecoin to purchase approximately 555 billion PEPE coins.
Within two hours, the average trading price for each token was $0.000025.
However, the large purchases by major holders do not guarantee PEPE immunity from market fluctuations. PEPE's price has also been continuously volatile, with a single-day drop of up to 18%.
Many ordinary observers would view this as a bearish signal. However, well-known major stakeholders are still making significant acquisitions.
Some analysts believe this move may indicate a contrarian view, perhaps reflecting undervaluation or undisclosed future benefits, but investors should remain cautious.