Pepe has been among the best performing meme coins over the past five months. PEPE rose from around $0.00000636 in September 2024 to a high of $0.00002825 in December 2024, gaining over 300%. This contributed to a frenzy around the meme coin, with many people believing that it would continue this upward trend. However, this was not the case. Instead of rising, it fell dramatically, recording a record 47% in about a month.