1.14 Trillion PEPE in 24 Hours, What's Happening?
$PEPE , the frog-themed meme coin, has recently experienced a significant surge in trading activity, with over 1.14 trillion PEPE tokens traded within a 24-hour period. This uptick represents a 19.74% increase in market volume, reaching $2.13 billion, and has been accompanied by a 2.15% rise in PEPE's price, now at $0.00001868. Analysts suggest that for PEPE to revisit its mid-December peak of $0.00002760, a robust and engaged community is essential. Notably, Elon Musk's recent sharing of a PEPE meme on X has generated buzz, potentially influencing market sentiment. Additionally, the activity of large holders, or 'whales,' within the community could play a significant role in determining PEPE's future price direction. As the meme coin market remains highly volatile, the coming days will be crucial in assessing whether PEPE can sustain this momentum and achieve a substantial price rally.