Bitcoin’s (BTC) climb to a new all-time high seems to have triggered another bullish outbreak. Pepe (PEPE), one of the fastest growing memecoins, has surged 4.2% in the daily charts, 14.4% in the weekly charts, and 8.4% over the previous month. The memecoin’s price has also risen by an astounding 1625.4% since December 2023. Despite the rally, the memecoin’s price has faced an 8.8% correction over the last week.
Source: CoinGecko
Also Read: Dogecoin: Can DOGE Hit $0.90 After Bitcoin’s New Peak?
Pepe Trader Makes $52 Million With Just $27
Source: CoinGape
According to crypto analysis firm LookOnChain, a Pepe whale that was dormant for 600 days has transferred all 2.1 trillion tokens to a new address. According to the platform, the whale spent 0.0135 Ethereum (ETH), worth just $27, to buy the 2.1 trillion coins. The whale has held onto its coins till now. The 21 trillion PEPE coins are currently worth around $52 million. The rise in value translates to a growth of about 1,900,000x return.
Also Read: Ripple: How High Will XRP’s Price Be 5 Days From Now?
How High Will The Memecoin Go In January 2025?
PEPE is among the best-performing cryptocurrencies of the last year. Since its launch in April 2023, the frog-themed meme cryptocurrency has made waves in the market. Early investors have made millions of dollars in profit with minimal investment.
Source: CoinCodex
According to CoinCodex, PEPE will continue its bullish trajectory over the next month. The platform anticipates the asset to delete a zero and hit a new all-time high of $0.000112 on Jan. 23, 2025. Hitting $0.000112 from current price levels will translate to a rally of about 368.82%.
Also Read: Bitcoin Hits New Peak Of $106,000: Will BTC Hit $120,000 Next?
CoinCodex does not anticipate PEPE’s price to hold above $0.0001. The platform predicts a correction to around $0.00005 by Feb. 20, 2025.
