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.
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Pepe Trader Makes $52 Million With Just $27
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.
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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.
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%.
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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.