"A lot of people like this frog meme, what's the best thing about it?"
Pepe Coin (PEPE), the frog-themed memecoin is once again attracting attention in the cryptocurrency market after its price skyrocketed thanks to a savvy investor who created a hoax and fueled speculation.
Explained further, the entity identified through the address 0x2db3fb which highlights its strategic move has invested approximately 1.26 million USD Coin (USDC) to obtain a total of 142.96 billion PEPE.
Such a bold strategy coupled with an impressive trading record followed by an 85.7% win rate has given rise to confidence in the future price movement of the increasingly popular PEPE.
In addition to growing community interest and engagement due to a significant increase in Social Volume, the rise in social media activity surrounding PEPE also played a significant role in driving up its price.
Revealed by Changelly, PEPE is likely to trade at $0.0000164 in May 2024 then its price will jump to a high of $0.0000242 during the month.
Following the smart money strategy and increasing social media attention, the possibility of PEPE reaching the much-anticipated $0.00001 level looks very close and very potential.
As of this writing, PEPE price trading at $0.0000081 has recorded a slight plunge of 5.87% in the last 24 hours with a market cap of over $3 billion but still gained 11.75% over the last week.
