Self-proclaimed as the ‘most memeable meme coin,’ $PEPE is one of the most prominent and culturally significant cryptos

This article will take a quick look at $PEPE's recent performance, discussing how it's potentially shaping up for another era-defining rally.

The meme coin market continues to grow in 2024, with some interesting tokens catching the attention of cryptocurrency traders. One such token is PEPE, which is often self-proclaimed as the ‘most memeable meme coin.’

The Story Of $PEPE

The $PEPE token is based on the iconic Pepe the Frog meme, which has seen a resurgence in popularity in recent times.

Earlier in the year, the meme coin quickly rose to third place in the meme coin market, quickly amassing a total market capitalization of over $6B.

Recently, there has been some chatter online about the token potentially shaping up for another era-defining rally.

To help you make the most of Pepe’s reversal, we’ll also cover the newest Pepe-inspired meme coin, an AI agent that’s making waves in the industry right now.

$PEPE Comfortably in Green Now

As one of the best meme coins, pressure on $PEPE was immense after the token lost over 80% of its value in the slump after December 2024.

However, after nearly a year, i.e., from March 2024 to March 2025, of no gains, $PEPE has finally found momentum.

The green-bodied monster shot up over 68% in the second week of May, and it’s currently showing signs of rest, which is usually an early indication that the upside rally can continue.

To splurge some technical analysis, $PEPE is forming an Inside Candle on the weekly chart. As mentioned above, this represents a pause in trading volatility before the trend continues in its most recent direction. Therefore, a break above last week’s high, i.e., $0.000015394, could see $PEPE reach and even surge past its all-time highs. It’s currently trading at $0.0