It's wise to be cautious with new cryptocurrencies. Many can indeed be traps, known as "pump and dump" schemes, where the value is artificially inflated and then rapidly sold off by insiders. **Doing your own research** (DYOR) is crucial before investing in any asset, especially in the volatile crypto market. It's important to look into the coin's technology, team, use case, and community support before making any decisions. Stay informed and always consider the risks.

It's true that fluctuations are quite normal in the cryptocurrency market, and it seems PEPE coin is currently experiencing some interesting developments. The live price of PEPE is around $0.000008 with a market cap of $3.47 billion USD, and it has seen a recent surge in market value¹²³. The overall crypto market has faced a decrease, but such volatility is expected in this space⁶.

Remember, investing in cryptocurrencies can be risky and it's important to do thorough research and consider your own financial situation before making any investment decisions. Always stay informed about the latest market trends and news..