In the past 24 hours, Pepe ($PEPE ) experienced a remarkable surge in trading volume, reaching an impressive $2.55 billion—a 120% increase from the day before. Despite this spike in activity, $PEPE continues to face challenges in gaining upward momentum, with bearish sentiment still dominating the market. As a meme coin, PEPE has seen a significant drop in online attention, and it's not being discussed as frequently as it once was. Many investors are now on the hunt for the next meme coin that could potentially deliver a 1000x return.

The search for the next breakout token is shifting the spotlight away from PEPE, which once garnered massive hype. Investors are eyeing meme coins that could rise from a modest $59,000 market cap to a staggering $500 million. While $PEPE reached its peak price of $0.00001717 in May 2024, it’s currently trading 40% below that level, reflecting the struggles it faces in reclaiming its former highs.

Still, PEPE’s growth story remains notable. Since hitting its all-time low in April 2023, the coin has skyrocketed by 18,000%. Its current market cap stands at $4.29 billion, with a fully diluted valuation matching that figure. While the future for PEPE remains uncertain, its past performance shows the explosive potential of meme coins in the cryptocurrency market.

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