Launch phase and skyrocketing rise (April - May 2023):
* Initial launch: #PEPE was launched on April 15, 2023, at a very low price, approximately $0.000000001 USD.
* Early frenzy: The currency quickly gained massive popularity, driven by meme culture and the strong community that formed around it. Its price skyrocketed, reaching an all-time high in May 2023 at $0.000004354 USD, with its market value reaching $1.6 billion within just 20 days of its launch, a remarkable achievement for a meme coin without any initial offerings or pre-sales.
Volatility and correction (mid-2023):
* Price correction: After the initial surge, the price of PEPE experienced a natural correction, falling from its highs. This is common in the cryptocurrency market, especially with meme coins that heavily rely on hype and sentiment.
* Periods of ups and downs: The currency continued to fluctuate, with periods of significant decline followed by brief recoveries.
Recovery and gradual growth (late 2023 - early 2024):
* Recovery: PEPE began showing signs of recovery in late 2023, especially in October and November, where it witnessed significant increases in price and trading volume.
* Relative stability: In early 2024, PEPE maintained a good level, trading within a certain range, with less severe fluctuations compared to its launch period. For example, in February 2024, it traded around $0.000001407, then achieved a gain of 602% to reach $0.000009885 on March 8, 2024.
Current situation (June 2025):
* Recent highs: Current data (as of June 2025) indicates that the price of PEPE ranges around $0.000011 to $0.000014 USD, with notable increases in recent days and weeks.
* Large market capitalization: PEPE currently ranks prominently among the top 30 cryptocurrencies by market capitalization, estimated in billions of dollars, reflecting significant interest from investors.
* Active trading volume: PEPE's trading volume is experiencing significant activity, indicating continued interest from traders.
* Resistance and support: The price of PEPE faces certain support and resistance levels, with some analyses indicating strong support around $0.00001250 - $0.00001300 USD, and potential resistance around $0.00001700 USD or higher.
Factors affecting the price of PEPE:
* Market sentiment: Investor sentiment and confidence significantly affect the price of PEPE, as positive news or hype around it drives the price up, while negative news or regulatory actions may lead to a decline.
* Community growth: A large part of PEPE's strength relies on its active and engaged community.
* Exchange listings: New listings on major exchanges increase liquidity and access to the currency.
* Ecosystem development: Any developments or real-world uses of the currency could increase its value.
* Dynamics of the broader cryptocurrency market: The price of PEPE is often influenced by the movement of the cryptocurrency market as a whole, including the performance of Bitcoin and other altcoins.
In summary:
Since its launch, PEPE has undergone a volatile price journey, characterized by skyrocketing highs driven by community hype, followed by correction periods, and then a regain of momentum. PEPE remains a meme coin that heavily depends on market sentiment and hype, but it has proven its ability to attract significant interest and achieve notable market value.
