PEPE exploded 19% in 24 hours, hitting $0.000013991 as the broader altcoin market went into full hype mode. Trading volume smashed past $1 billion, which is not something you see every day from a frog meme coin. The 24-hour range swung between $0.00001258 and $0.00001310, while the 7-day range stretched from $0.00001190 to $0.00001449.
Bitcoin was busy testing $74K resistance while altcoins like PEPE reminded everyone why the crypto market is equal parts thrilling and absurd. Social media mentions for PEPE jumped 500% in two weeks. Whale accumulation played a big role too. Big wallets stacking tokens tend to trigger short squeezes, and that’s exactly what happened during PEPE’s legendary February 2024 run, when it surged 1,160% in just 38 days.
PEPE’s 2024 performance was borderline ridiculous. Total gains exceeded 1,900% for the year. From its launch to the December 2024 peak, the token posted a jaw-dropping 2,700,000% return. The all-time high hit $0.00002825 on December 9, 2024, pushing market cap close to $4 billion and ranking PEPE at #28. Not bad for a coin that started as a joke.
Then reality showed up. By February 3, 2025, PEPE had crashed 80% from its December peak, bottoming near $0.000008810. Whales didn’t help. Some dumped 430 billion PEPE onto Binance. Another 1.1 trillion tokens got liquidated. The 1-month low hit $0.00000837. PEPE sat roughly 54% below its all-time high as of recent data.
Technical signals are sending mixed messages. The RSI and MACD both show bearish divergence, which sounds ominous. But Elliott Wave analysis suggests PEPE is still inside a fifth wave from May 2023, with a cycle target near $0.0000440. A symmetrical triangle breakout in November 2024 supports that bullish case. Sub-wave five supposedly kicked off in August 2024. Notably, PEPE has no capped maximum supply, which means inflation risk remains a concern for long-term holders evaluating its scarcity dynamics.
Long-term price predictions range from modest to outrageous. By 2030, some models project $0.0161, representing a 161,000% gain. Others are far more conservative. PEPE operates with no transaction taxes on buys or sells, a feature that continues to enhance its trading appeal and keep volume flowing during rallies. Current market sentiment leans heavily bearish, with 64% bearish sentiment recorded among traders tracking the token. Nobody actually knows. That’s crypto.
