What Caused a Sudden Rise in PEPE Coin?

PEPE entered like a boom in the crypto world and has shook the meme coin world totally by surprise. It surpassed its $1 billion market capitalization in a very short span of just 20 days. With such a super extraordinary entry, PEPE surged by a whopping 7,000% within a matter of just 14 days and rocked the crypto meme coin industry.

PEPE Coin uses a deflationary mechanism in which a small percentage of tokens gets burnt with each transaction. This mechanism helps to create scarcity and also increase the value of the left tokens over a period of time.

Moreover, it uses a redistribution system in which a portion of every transaction is shared amongst the existing token holders which helps them to gather user engagement and long-term investments.

Interestingly, may was an amazing month for PEPE, and it is quite evident by the google search data. The Google Trend score for “PEPE coin” rose from three to 100 from the week of may 9, 2024 where the value 100 depicts the peak popularity for a specific keyword search on google.