Pepe Coin, a popular meme cryptocurrency featuring a frog theme, has once again defied the broader market expectations of a price correction, surging to new record highs. Amidst a recovery in the meme coins sector, Pepe Coin has achieved significant gains, attracting considerable attention from the global crypto community.

In the past week, Pepe Coin has seen a remarkable rise of over 50%, with its value doubling over the past month. This has made it a favorite among crypto traders and investors. Let's delve into the current market statistics for Pepe Coin.

A Closer Look at Pepe Coin's Bull Run

Pepe Coin started the year strong, initiating a bull run in March. It has managed to hold above crucial price levels, continuing to climb to new all-time highs. Today, May 25, Pepe Coin reached a new peak of $0.00001577, sparking significant interest from investors. This milestone follows a 13% price surge.

Despite Coinglass reporting $4.58 million in liquidations, Pepe Coin is performing exceptionally well today, drawing more investor attention to the frog-themed meme token.

Earlier, CoinGape Media reported that Pepe Coin recently secured the 20th spot on the list of top cryptocurrencies by market cap. These developments contribute to a highly optimistic market outlook for PEPE.

Additionally, renowned crypto trader jwynn.eth deposited an impressive 491 billion PEPE to Binance, one of the leading crypto exchanges, to take profits during this price surge. The trader believes that PEPE is still undervalued.

PEPE Price Surges 13%

Currently, PEPE’s price has increased by 12.33% in the last 24 hours, trading at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively. According to Coinmarketcap data, PEPE has risen 53% over the past week and 104.42% over the past month.

Coinglass data shows mixed sentiments among investors for PEPE, with open interest rising by 21.58% while derivatives volume fell by 41.05%. The Relative Strength Index (RSI) is at 74, indicating overbought conditions and potential for a price correction.

In conclusion, Pepe Coin continues to defy market expectations, reaching new heights and attracting significant investor interest. The token's performance suggests a strong bullish trend, with traders and investors closely monitoring its progress.