Popular meme coin Pepe Coin has become one of the most talked about meme coins in the cryptocurrency markets recently. It continued its upward trend even in an environment dominated by price corrections. At this point, Pepe Coin attracts the attention of investors by reaching new ATHs.
Pepe coin challenges the market
Pepe Coin, the famous frog-themed meme cryptocurrency, continued to defy broader market sentiment regarding its price correction. Because its price has once again risen to unprecedented levels. PEPE hits new ATH amid meme coin sector recovery. Thus, it consolidated its position and attracted great attention in the global crypto world.
With a weekly gain of over 50% followed by a price increase of over 100% recorded last month, meme coin has emerged as a favorite on the radar of crypto market traders and investors. PEPE, in particular, started the year on an optimistic note as the token began its bull run in March. Moreover, it continued to hold above critical price levels and continued pumping to new ATHs. Pepe coin reached a new ATH of $0.00001559 today, May 25, attracting the attention of investors. This ATH comes after a 13% price increase as mentioned above.
$4.58 million liquidation
Despite Coinglass recording liquidations of $4.58 million, the token is recovering spectacularly today. It also draws more investor attention to the frog-themed meme token. cryptokoin.com As we reported, Pepe Coin recently ranked 20th among the best cryptos in the market value list. According to some experts, with the mentioned developments, PEPE draws a very bullish market outlook.
Meme coin transfer loaded to Binance
Additionally, famous crypto trader jwynn.eth deposited 491 billion PEPE on Binance, one of the world’s leading crypto exchanges, to make profits amid this price rise. It is worth noting that the trader still thinks PEPE is undervalued. As of this writing, the price of PEPE has increased by 12.33% in the last 24 hours. Because it is currently trading at $ 0.00001548. The 24-hour low and high are $0.00001366 and $0.00001559 respectively. Lookonchain’s X post is as follows:
James Wynn said PEPE is still severely undervalued and highlighted its upside potential. Wynn then deposited a total of 491 billion PEPE ($7.54 million worth) to Binance.
Coinglass data showed mixed feelings prevailing among investors. Open interest (OI) increased by 21.58%, while derivative volume decreased by 41.05%. The RSI continued to hover in the overbought zone at 74, giving the market sentiment for a possible price correction.
To be informed about the latest developments, follow us twitter‘in, Facebookin And InstagramFollow on and Telegram And YouTube Join our channel!