Pepe Rallies 13% Amid Meme Coins Sector Recovery, Price Hits ATHPepe coin ( CRYPTOCAP:PEPE ), a popular meme cryptocurrency, has experienced a significant price surge, reaching a new ATH of $0.00001577. The frog-themed meme crypto has been on a bull run, with weekly gains of over 50% and an over 100% price upswing recorded over the past month. The token has gained significant investor interest and secured the 20th spot on the top cryptos by market cap list. Pepe coin ( CRYPTOCAP:PEPE ) has recently secured the 20th spot on the top cryptos by market cap list, indicating a highly bullish market outlook.
Jwynn.eth, a renowned crypto trader, deposited a staggering 491 billion CRYPTOCAP:PEPE to Binance, one of the world's leading crypto exchanges, to take profits amid the price rally. As of writing, PEPE's price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Coinmarketcap data shows that PEPE rallied 53% over the past week, while monthly gains totaled 104.42%.
Mixed sentiments prevailing for CRYPTOCAP:PEPE among investors were illustrated by Coinglass data, with OI surging 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.