Pepecoin has surged in popularity within the cryptocurrency market, surpassing established veterans in the meme coin community. However, whether Pepecoin will continue its pumps?
Pepecoin Ranks High on Social Media
According to data from LunarCrush, Pepecoin has gained significant traction on all social dimensions, placing it among the top three trending cryptocurrencies. While Bitcoin maintains its leading position, PEPE has secured the second spot, surpassing Ethereum, which ranks third in social engagement.
On-Chain Data Performance
pepecoin volume | Santiment
Despite its success on social media, PEPE’s on-chain activity presents a different story. Although the total number of holders has reached its peak at 113k, PEPE’s trading volume has experienced a decline over the past four days, currently standing at 322.04 million.
The Future of PEPE
Considering the current scenario, the question arises: Will PEPE experience a recovery or retreat to its previous state? The answer may lie in PEPE’s seven-day performance, as the meme coin has witnessed a 14% decrease in value over this period. At the time of writing, PEPE is trading at approximately $0.0000016771.
