Pepe memecoin hits record high but risks a brutal 40% crash by June
PEPE’s ongoing trend mirrors the price behavior that happened before a 40% crash in January.
Pepe (PEPE) price rose to a record high on May 27, a surge driven by the recent approval of key Ether (ETH) exchange-traded fund (ETF) filings in the U.S., prompting traders to view Ethereum-based memecoins as high-risk, high-reward opportunities.
PEPE’s price surged by 7.60%, reaching an all-time high of $0.00001725. This marks an impressive 88% increase since the U.S. Securities and Exchange Commission (SEC) approved the Ether ETF filings on May 20.
Other Ethereum-standard memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Mog Coin (MOG), also posted significant gains after the ETF filings approval.
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Author: Yashu Gola
