Summary
- PEPE, a meme coin featuring the internet’s favorite frog, has seen a surge in price, reaching new all-time highs and experiencing significant investor profits.
- Recent whale activity, with a significant investor withdrawing a large amount of PEPE from Binance, indicates confidence in the coin’s future.
- While the price increase and social media buzz are positive, technical indicators suggest the market may be overheated, potentially leading to a price correction.
- PEPE remains one of the most traded meme coins, outperforming popular coins like Dogecoin, Floki, and Shiba Inu.
