PEPE Token Soars to $500M Market Cap as Memecoin Fever Grips Crypto Traders

PEPE’s price action is reminiscent of dogecoin over the years with intense volatility being caused by an absence of liquidity or sustainable demand. The price of dogecoin dramatically fell on numerous occasions when hype began to subside. In this case, PEPE could face sell pressure when derivative markets go live as traders attempt to capitalize on a trend that has historically ebbed and flowed.