In the latest PEPE price analysis, explore Pepecoin price movements, trading volume, and its impact on the meme coin market.
This past month has been a wild one for PEPE traders.
Despite a price dip, its trading volume has shot up, fueling excitement among crypto enthusiasts. On May 5, PEPE was priced at $0.000008834 with a $783.17 million trading volume.
On May 5, PEPE was at $0.000008834 with a $783.17 million volume. Fast forward to May 27, PEPE surged 94%, reached new highs, then slid to $0.00001483.
Yet, trading volume hit a staggering $2.47 billion in the past 24 hours, a 216% rise from the start of the month.
“Pepe is pulling back so the rest of the meme coin market is too. Pepe is the meme leader right now,” said the pseudonymous crypto trader Nebraskangooner to his 345,700 X followers on May 30.
PEPE Price Analysis: What The Charts Predicts If Pepecoin Keeps Going Up
The fluctuations in PEPE’s price have had a ripple effect on other major meme coins. Dogecoin and Shiba Inu also saw declines in the same timeframe.
However, as most major memecoins have tumbled in recent days PEPE is back up 9.55% in the last 24 hours. With the 20-day SMA above the 200-day, a bullish trend is brewing, though no clear patterns are visible.
$PEPE is back over 15, we are so back. pic.twitter.com/uzVQ0Xc5S8
— Plazma (@Plazma0x) May 30, 2024
Since May 2023, PEPE has exploded by 25,955%. This year, it’s up another 1,084%. Traders have also begun to love the recent volatility in this meme market.
Case in point: a PEPE whale raked in nearly $5 million in profit last month, riding the latest surge
In the last 30 days, daily active addresses for PEPE have skyrocketed 230% to 9,830.
That’s way ahead of other meme coins—Floki is up 179%, and Dogecoin is barely moving at 10%.
This Meme Token Might Outperform PEPE – Discover SEALANA
BitBot’s presale is red-hot, but meme coins continue to outshine the market. The biggest new opportunity is Sealana.
The last time we wrote about Sealana, it was worth $300,000. Now, it’s worth a staggering $3million+.
99Bitcoin analysts expect the new meme coin Sealana (SEAL) to keep rocketing in presales. The South Park-inspired seal’s presale was released on Solana last month, taking in $100,000 within minutes of launch.
In a recent video, 99Bitcoins analysts predicted Sealana is “set to explode as Solana begins to rally.”
Get Your Hands on Sealana Now At The Presale Here.
EXPLORE: Crypto Whales Rinsed By Latest Phishing Scam – Here’s How to Avoid $6.9M Losses
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
