Pepe, a popular meme coin launched in 2023, has seen a significant surge recently. The coin’s price increased by 11%, driven by whale movements and substantial trading volumes. This surge came after trillions of Pepe tokens were transferred, sparking a 16% price jump. Despite the fluctuations, Pepe’s market cap remains strong at approximately $3.96 billion.
Pepe operates on the Ethereum platform and has a total supply of 420.69 trillion tokens. The token’s recent performance has been a rollercoaster, with both significant gains and losses. However, its potential for high returns continues to attract investors. The increase in whale activity suggests that large holders see value in Pepe, indicating a bullish outlook for the token.
