Pepe coin, a renowned frog-themed meme cryptocurrency, has continued to defy the broader market sentiments of a price correction and has once again surged to unprecedented levels. PEPE has hit new ATH amidst the meme coins sector recovery, solidifying its position and garnering significant attention across the global crypto realm.
With weekly gains of over 50%, followed by an over 100% price upswing recorded over the past month, the meme coin has emerged as a favorite on crypto market traders’ and investors’ radar. Here’s a brief report on the Pepe coin’s current market statistics
Pepe Coin Bull Run: A Closer Look
Notably, PEPE kicked off the year on an optimistic note as the token embarked upon a bull run in March. Moreover, it sustained maintaining a hold above critical price levels, further continuing to pump to new ATHs.
Pepe coin hit a new ATH of $0.00001559 today, May 25, piquing significant investor interest. This ATH comes on the back of a 13% price rally, as mentioned above.
Despite Coinglass recording $4.58 million in liquidations, the token is rallying phenomenally today, garnering additional investor attention to the frog-themed meme token.
CoinGape Media earlier reported that Pepe coin has recently secured the 20th spot on the top cryptos by market cap list. Coupled with the abovementioned developments, PEPE paints a highly bullish market outlook.
Also, jwynn.eth, a renowned crypto trader, deposited a staggering 491 billion PEPE to Binance, one of the world’s leading crypto exchanges, to take profits amid this price rally. It is worth noting that the trader thinks that PEPE is still undervalued.
Also Read: Ripple CTO Unveils Game-Changing Tokenization Perks, Here’s Why It Matters
PEPE Price Rallies 13%
As of writing, PEPE’s price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively.
Coinglass data illustrated mixed sentiments prevailing among investors, as OI surged 21.58%, although derivatives volume dipped 41.05%.
The RSI continued to surf in the overbought territory, at 74, birthing market sentiments of a potential due price correction.
Also Read: Bitcoin Price To Hit $1 Mln, Strike CEO Jack Mallers Unveils Potential Timeline
The post Pepe Coin Rallies 13% Amid Meme Coins Sector Recovery, Price Hits New ATH appeared first on CoinGape.
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