Bitcoin’s (BTC) climb to a brand new all-time excessive appears to have triggered one other bullish outbreak. Pepe (PEPE), one of many quickest rising memecoins, has surged 4.2% within the every day charts, 14.4% within the weekly charts, and eight.4% over the earlier month. The memecoin’s worth has additionally risen by an astounding 1625.4% since December 2023. Despite the rally, the memecoin’s worth has confronted an 8.8% correction during the last week.
Pepe Trader Makes $52 Million With Just $27
According to crypto evaluation agency LookOnChain, a Pepe whale that was dormant for 600 days has transferred all 2.1 trillion tokens to a brand new handle. According to the platform, the whale spent 0.0135 Ethereum (ETH), value simply $27, to purchase the two.1 trillion cash. The whale has held onto its cash until now. The 21 trillion PEPE cash are presently value round $52 million. The rise in worth interprets to a development of about 1,900,000x return.
How High Will The Memecoin Go In January 2025?
PEPE is among the many best-performing cryptocurrencies of the final yr. Since its launch in April 2023, the frog-themed meme cryptocurrency has made waves out there. Early traders have made thousands and thousands of {dollars} in revenue with minimal funding.
According to CoinCodex, PEPE will proceed its bullish trajectory over the subsequent month. The platform anticipates the asset to delete a zero and hit a brand new all-time excessive of $0.000112 on Jan. 23, 2025. Hitting $0.000112 from present worth ranges will translate to a rally of about 368.82%.
CoinCodex doesn’t anticipate PEPE’s worth to carry above $0.0001. The platform predicts a correction to round $0.00005 by Feb. 20, 2025.
