Meme Magic: Decoding Pepe’s Price Movements | by TheLuWizz | Coinmonks | May, 2023

The PEPE token has had an insane couple of weeks. The Memecoin’s market cap has gone from virtually “0” to $1.8 billion in just 21 days. This has moved PEPE into the top 50 cryptocurrencies, albeit temporarily.

Since this previous all-time high, the PEPE price has plummeted by only 50%, and that is within one day. The question is how it can be that a price collapses so quickly.