The cryptocurrency market seems to be diverting from its usual October pattern. The market is facing a substantial price dip, with most assets trading in the red zone across all time frames. According to CoinGecko, Pepe (PEPE) is down 3.3% in the last 24 hours, 26.8% in the last week, 20.8% in the 14-day charts, and 38% over the previous month. The latest price dip means that you can now buy 1 million Pepe coins for just $7, making you a Pepe millionaire.
Can 1 Million Pepe Coins Make You a Dollar Millionaire?
Pepe (PEPE) has made a name for itself as one of the most successful memecoins in the market. The coin’s price skyrocketed days after its launch in April 2023. While early investors made massive returns, many who bought at the top are still sitting on losses. Pepe climbed to an all-time high of $0.00002803 in December 2024 and is currently down by 74% from its peak.
Pepe (PEPE) needs to rally by 14,285,614.29% to hit the $1 mark from current price levels. While many assets, such as Shiba Inu (SHIB), have displayed such growth levels in the past, it is unlikely that PEPE will follow such a trajectory.
Pepe (PEPE) is a memecoin and does not have much utility. Moreover, adoption rates for memecoins are very low. Memecoins mostly work as collectibles and are subject to online speculation. While the PEPE’s price may continue growing over the coming years, it is unlikely to rally by 14 million percent.
Also Read: Memecoin Battle 2025: Forecasts for PEPE, BONK & Trump Coin
There are about 420.69 trillion PEPE coins in circulation. If the price of each token hits $1, the project’s market cap will rise to $420.69 trillion. This is a highly unrealistic figure, as it is larger than the GDP of the world’s largest economies put together. Therefore, waiting for PEPE to hit $1 may not be the best bet for any investor.