In the dynamic world of cryptocurrencies, PEPE price has captured significant attention. As of February 3, 2025, PEPE price is reportedly trading at approximately $0.000008810, marking an 80% decline from its December 2024 peak of $0.00002825. This downturn has led investors to question whether PEPE can replicate its remarkable February 2024 rally.
Looking Back: PEPE’s February 2024 Rally
In late 2023, PEPE’s price experienced a steep drop, bottoming out at $0.00000086 on February 5, 2024. Many believed the token was finished, but over the next 38 days, PEPE made an incredible 1,160% surge, reaching $0.00002825 by March 14, 2024.
Analysts credit this rally to several key factors:
- Whale Accumulation & Short Squeeze – Large investors began accumulating billions of PEPE tokens at their lowest point, leading to a short squeeze that drove prices up.
- Memecoin Hype & Social Media Frenzy – Dogecoin (DOGE) and Shiba Inu (SHIB) were surging at the same time, and PEPE rode the wave of memecoin excitement. Social media mentions for PEPE jumped 500% in just two weeks.
- Bitcoin ETF & Altcoin Boom – In January 2024, Bitcoin’s spot ETF approval triggered a market-wide rally, sending capital into riskier assets, including meme coins like PEPE.
- Technical Breakouts & FOMO – Once PEPE broke key resistance levels, traders rushed in, pushing the price even higher. Volume hit record highs, reinforcing the upward momentum.
By mid-March 2024, PEPE had become one of the fastest-growing meme coins in history, but the surge was short-lived. A combination of profit-taking and broader market corrections led to a significant drop in April 2024, bringing PEPE back to lower levels.
Can PEPE Repeat This Rally in 2025?
As of February 3, 2025, PEPE is down 80% from its December 2024 peak and trading at $0.000008810. The key question is: Will history repeat itself?
Bullish Signs
Some indicators suggest that another rally could be on the horizon:
- Whale Activity Resurfacing – In recent weeks, whales have started accumulating PEPE again. A notable transaction involved 430 billion PEPE tokens ($6.39 million) being moved to Binance, similar to accumulation trends before past rallies.
- Bitcoin Dominance at Key Levels – Bitcoin dominance (BTC.D) is at a long-term resistance, just like it was before the mini altcoin rally in November 2024. If Bitcoin dominance is rejected at these levels, it could lead to capital flowing into altcoins, benefiting PEPE.
- Technical Patterns Resemble 2024 – The PEPE/DOGE trading pair is showing similar trends to early 2024 when PEPE outperformed Dogecoin significantly.
Bearish Signs
However, there are also reasons to be cautious:
- Weaker Market Sentiment – Unlike last year, investor confidence is much lower. Social media discussions show fewer traders willing to “buy the dip”, signaling less retail enthusiasm.
- No Clear Catalyst – In 2024, Bitcoin’s ETF approval created a major liquidity event that helped PEPE. Right now, there is no similar large-scale catalyst to trigger another surge.
- Upcoming Halving Event Could Add Pressure – On February 4, 2025, PEPE will go through a halving event, reducing block rewards from 62,500 to 31,250 PEPE per block. While this may decrease supply, it could also lead to temporary sell-offs as miners adjust.
Max Schwartzman, founder of BecauseBitcoin, remains optimistic about PEPE’s future but acknowledges the uncertainty:
“Last year, we saw PEPE retest key support before exploding higher. While the conditions are similar, investor sentiment is weaker this time. If PEPE can hold support, we could see a strong move, but it’s not guaranteed.”
Comparative Analysis: PEPE vs. Dogecoin
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The PEPE/DOGE trading pair has reached levels reminiscent of February 2024, a period that preceded substantial price appreciation for PEPE. Market analysts are monitoring these similarities closely.
Max Schwartzman, founder of BecauseBitcoin, noted that in 2024, the PEPE/DOGE pair retested a key support level before zooming higher. He observed that such a scenario is playing out once again, which could lead to PEPE making extraordinary gains in the coming weeks.
Conclusion on PEPE Price
While historical patterns and current indicators suggest the possibility of PEPE experiencing a significant rally similar to February 2024, the cryptocurrency market remains unpredictable. Investors should exercise caution, conduct thorough research, and consider the inherent risks before making investment decisions. Keep following The Bit Journal and keep an eye on the PEPE price.
FAQs
- What factors contributed to the PEPE price February 2024 rally?
In February 2024, PEPE price experienced a significant surge due to a combination of market dynamics, increased investor interest, and favorable trading patterns.
- How has recent whale activity affected PEPE’s price?
Major whale activity has led to the liquidation of over 1.1 trillion PEPE tokens, contributing to the recent price decline. A notable instance includes a single wallet depositing 430 billion PEPE into Binance.
- What is the significance of the upcoming halving event for PEPE?
Scheduled for February 4, 2025, the halving event will reduce block rewards from 62,500 to 31,250 PEPE per block, potentially affecting the token’s supply and demand dynamics.
- How does the PEPE/DOGE trading pair influence PEPE’s potential rally?
The PEPE/DOGE trading pair has reached levels similar to those before PEPE’s February 2024 rally, suggesting a potential for substantial price appreciation. Analysts are closely monitoring these patterns.
- What should investors consider before investing in PEPE?
Investors should conduct thorough research, understand the inherent risks of cryptocurrency investments, and consider market volatility before making decisions. It’s advisable to consult with financial advisors and stay updated with credible news sources.
Glossary of Key Terms
- PEPE Coin: A meme coin inspired by Pepe the Frog, often compared to Dogecoin and Shiba Inu due to its speculative nature.
- Meme coin: A cryptocurrency often created as a joke or based on an internet meme but sometimes gaining serious traction and adoption.
- Whale Activity: Large crypto holders (whales) make substantial transactions, often influencing market prices.
- Market Value to Realized Value (MVRV) Ratio: A metric that compares a crypto asset’s market value to its realized value, helping identify potential buy and sell zones.
- Halving Event: A programmed reduction in block rewards in certain cryptocurrencies (e.g., Bitcoin, Litecoin, PEPE), designed to control supply and inflation.
- Bitcoin Dominance (BTC.D): The percentage of total cryptocurrency market capitalization that belongs to Bitcoin, indicating the market’s altcoin sentiment.
References
- Blockonomi
- Binance
- AMBCrypto
- MoneyCheck
- TradingView
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
