The cryptocurrency market might be experiencing a downturn, but one meme coin, Pepe Coin, is thriving despite the decline.

While altcoins are affected by Bitcoin’s recent 5% drop, PEPE has surged significantly over the past month and climbed nearly 6% daily.

This bullish trend has analysts like Crypto Tony predicting a potential all-time high (ATH) for the meme coin.

A Beacon In The Bear Market

While other altcoins faltered during the recent slump, the meme coin remained strong. This resilience indicates a strength that could attract new investors and boost confidence.

Productive Month

In the past month, PEPE holders have seen a 20% price increase, now at $0.058. Daily trading volume is impressive at $755 million, showing healthy market activity and fueling optimism.

Whale Activity: A Sign Of Future Trends?

Increased whale activity is exciting the cryptocurrency community. Data from Lookonchain shows significant purchases by wealthy investors, indicating their confidence in the meme coin’s potential.

This trend suggests a growing recognition of meme coins as legitimate investments, which could drive further price increases and attract more investors.

An example is the large withdrawal from Binance by address 0xa145, totaling 350 billion tokens (over $3 million), signaling profitable trading opportunities.

PEPE is currently trading at $0.000008. Chart: TradingView

Analyst Insights

Crypto analyst Crypto Tony adds to the bullish sentiment, predicting a new high for the meme coin due to its recent price action and inherent strength.

This positive outlook from a respected crypto analyst is likely to attract investors seeking the next significant gainer.