Pepe Rally: PEPE Price Climbs as Solana’s WienerAI Meme Coin Reaches $1.5 Million
Popular meme coin Pepe Coin ($PEPE) has risen 2% in the last 24 hours as it continues outpacing all other leading meme coins in gains over the last fortnight.
At today’s price of $0.058771, PEPE is 26% pricier than it was two Mondays ago. That makes it the top-performing meme coin over the period in question.
In contrast, the original meme coin Dogecoin ($DOGE) only added 1.4% over the fortnight to change hands at $0.1428 as of this writing.
Like Dogecoin, none of the other ten biggest meme coins by market capitalization posted double-digit percentage gains over the last two weeks.
The only meme coin that came close to matching PEPE’s advance was Book of Meme ($BOME). BOME rose 8.2% and changes hands at $0.0103 as of this writing.
The recent surge in price follows the return of “Roaring Kitty,” the trader renowned for predicting the GameStop short squeeze in 2021. He made his first post on X since that year, sparking renewed interest and activity in the market.
pic.twitter.com/YgjVqtgcNS
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Pepe’s trading activity for the last three months peaked with an all-time (ATH) high of $0.00001064 on March 14, the same day of Bitcoin’s ATH.
Since then, the token pulled back 18%. It has remained fairly level, although a brief crash in the second half of April sent prices down to $0.000004.
Taking a closer look at the token’s Relative Strength Index (RSI), we can see a nearly vertical drop today followed by a near-vertical rebound upwards.
This could be a sign of profit-taking as a whale dumps and rebuys, however it is unclear whether the buying momentum will continue today.
Pepe Coin is from the old guard. It’s a meme coin that is solely about the meme.
That means its only value proposition for
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