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Memecoin Trader James Wynn Said PEPE Is Undervalued; Deposited 492B PEPE

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According to data shared by Lookonchain, a Memecoin Trader with the username jwynn.eth deposited 491 billion $PEPE tokens worth $7.54 million into Binance. 

Following the deposit, the trader stated that $PEPE is still severely undervalued. Previously, the trader spent $8,524 to purchase 2.83 trillion $PEPE tokens, which are currently valued at $44.4 million, resulting in substantial profits. Currently, the trader holds 476.8 billion $PEPE tokens, valued at $7.48 million.

Moreover, James also added in his post that the PEPE takeover just began and everyone who bought PEPE was in profit unless they sold it.

PEPE is Getting Popular Nowadays 

The social metrics for PEPE have spiked in the last few months, indicating that this memecoin is gaining popularity. PEPE is receiving significant media coverage and is being discussed on social media platforms, such as X and Reddit.

On the 18th of April 2024, the social dominance of the meme asset was 0.309954%, and the social volume was 70. From there, it spiked up, and currently, its social volume is 132, and social dominance is 1.803%. The data showcased increased participation and discussion of PEPE in the crypto media.

The Number of PEPE Holders is Increasing 

In the last 15 days, the number of PEPE holders has increased significantly, with 9,547 new holders joining the crypto community. On May 11, 2024, PEPE had 218534 holders. As of May 25, it has 228081 holders, according to data from Coincarp. This growth indicates that PEPE is currently one of the most popular meme coins in the crypto space.

When writing, PEPE was trading at $0.00001557, showing a 12.64% intraday gain. Over the last seven days, it has surged by 56%; in the previous month, it has grown by almost 115%, demonstrating exceptional performance.

Furthermore, its current market cap is $6.56 billion, equivalent to 94,066.28 BTC. In the previous 24 hours, it had a trading volume of $1,480,872,545, equivalent to 21,292.9 BTC.

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