$PEPE

PEPE

0.00001757

-3.08%

Pepe Coin (PEPE) is a memecoin cryptocurrency that has gained popularity in the market. Here are some recent news stories related to PEPE:

Memecoin Market Activity: In December 2024, memecoins experienced notable volatility, reaching a peak market capitalization of $137 billion and then declining to $92 billion, representing a loss of over $40 billion in that month.

Highlighted Investments: One notable case is that of an investor who turned $27 into $52 million through an investment in PEPE, demonstrating the potential for significant gains in this type of asset, although it also carries considerable risks.

Price Outlook: Despite the excitement around PEPE, it’s important to consider its massive total supply of 420.69 trillion tokens. For PEPE to reach a value of $1 per token, its market cap would need to exceed $420 trillion — a figure that far exceeds the current global economy, making such a valuation highly unlikely in the near term.

New Initiatives: On January 6, 2025, it was reported that a new memecoin called Wall Street Pepe (WEPE) raised over $42 million in its token pre-sale, indicating continued interest in Pepe-themed projects.