The rise of Bitcoin (BTC) to a historic high seems to have triggered another bullish wave. Pepe (PEPE) is one of the fastest-growing memecoins, with a daily chart increase of 4.2%, a weekly chart rise of 14.4%, and an 8.4% increase over the last month. Since December 2023, the price of the memecoin has also surged an astonishing 1625.4%. Despite the increase, the price of the memecoin experienced a pullback of 8.8% over the past week.
Pepe Trader turned $27 into $52 million
According to cryptocurrency analytics firm LookOnChain, a Pepe whale that had been silent for 600 days has transferred all 2.1 trillion tokens to a new address. The platform states that this whale spent 0.0135 Ethereum (ETH), worth only $27, to purchase these 2.1 trillion tokens. This whale has held these tokens to this day. The 210 trillion PEPE tokens are currently worth about $52 million. The increase in value corresponds to a return growth of about 1,900,000 times.
How much will Memecoin rise to in January 2025?
PEPE is one of the best-performing cryptocurrencies of last year. Since its launch in April 2023, this frog-themed meme cryptocurrency has created waves in the market. Early investors made millions with minimal investment.
According to CoinCodex data, PEPE is expected to maintain a bullish trajectory next month. The platform forecasts that this asset will remove a zero and reach a historic high of $0.000112 on January 23, 2025. Reaching $0.000112 from the current price level would mean an increase of about 368.82%.
CoinCodex predicts that the price of PEPE will not maintain above $0.0001. The platform forecasts a pullback to around $0.00005 by February 20, 2025.
