Pepe has shown relative strength against almost all major crypto assets since its launch in 2023.
It is currently priced at $0.000007394, up 3% today and 49% this week, but down 9% this month. It has a market capitalization of $3.1 billion and a 24-hour trading volume of $1.2 billion.
Its market capitalization positions it as the 36th largest cryptocurrency, but its trading volume places it at number 11, reflecting strong market interest.
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Pepe experienced 10x gains from its 2024 lows to its highs, but subsequently reversed and retested two key support levels forged on its rise.
But after new tests of support, it has shown impressive strength, recovering more than 50% of its liquidation.
Discussing the strength of Pepe compared to other meme coins, renowned trader Bluntz said: “Of all the major meme coins, Pepe seems the best. It has already broken and recovered the lows of wave (a) after the turbo V reversed from the main Fibonacci level of 0.618.
Slothana raises $15 million; pepe the dwarfs
With a whopping $15 million invested in its pre-sale, Slothana has struck a chord with profit-hungry degenerates hoping for similar success to other Solana pre-sales like Book of Meme and Slerf.
The two projects skyrocketed exponentially after their launch on exchanges, with BOME reaching a $1 billion market cap in two days and Slerf receiving coverage on Bloomberg and eclipsing Ethereum in trading volume.
