The cryptocurrency #PEPE (Pepe Coin) is trading today around 0.0000032 – 0.0000034 USD, with slight increases close to +0.5% in 24h and a high daily volume, exceeding 270 million USD, indicating strong market activity. Its capitalization is around 1.3 billion USD, ranking among the most relevant memecoins.
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CoinMarketCap
The price is mainly driven by market sentiment, as it is a memecoin with no strong utility, fueled by social media and speculation. The "whales" that buy or sell large amounts also influence it, generating volatility. Additionally, the context of Bitcoin and the overall crypto market affects its trend. In summary, PEPE rises when there is hype and liquidity, and falls when interest decreases or there is profit-taking.