The rise of Bitcoin (BTC) to a historical high seems to have triggered another bullish wave. Pepe (PEPE) is one of the fastest-growing memecoins, with a daily chart up 4.2%, a weekly chart up 14.4%, and an 8.4% increase over the past 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 8.8% correction 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 21 trillion tokens to a new address. The whale spent 0.0135 Ethereum (ETH), worth only $27, to purchase these 21 trillion tokens. This whale has held these tokens to this day. The 21 trillion PEPE tokens currently value approximately $52 million. The increase in value corresponds to a return of about 1,900,000 times.
How much will Memecoin rise in January 2025?
PEPE was one of the best-performing cryptocurrencies last year. Since its launch in April 2023, this frog-themed meme cryptocurrency has made waves in the market. Early investors profited millions with minimal investments.
According to CoinCodex, PEPE is expected to continue its bullish trajectory next month. The platform predicts that the asset will remove a zero and reach a historical high of $0.000112 on January 23, 2025. Reaching $0.000112 from the current price level would mean an increase of approximately 368.82%.
CoinCodex predicts that the price of PEPE will not maintain above $0.0001. The platform forecasts a correction to around $0.00005 by February 20, 2025.
