#Pepe (PEPE): Despite Being a Meme Coin, Investor Interest Overtaking Giants#

Despite being a meme coin, Pepe (PEPE) has been performing quite strikingly in the cryptocurrency market and is attracting investor interest at a level that can compete with major coins. So, what are the reasons behind this situation and what is Pepe's position in the market?
Factors That Make Pepe Attractive and Concrete Data
* Meme Culture and Community Support: Pepe emerged inspired by the internet's iconic meme character "Pepe the Frog". The wide recognition of this popular meme and the support of a strong community on social media ensured the rapid adoption of the token. It spread rapidly on social media platforms, especially when it was first released, and this increased the visibility of the project.
* Low Price and High Potential Perception: PEPE's price per token is quite low. This allows even small investors to purchase large amounts of tokens. The perception of the "next big bang" potential attracts investors with high risk tolerance. For example, PEPE's rise from $0.00000005515 to $0.000004354 shortly after its launch strengthened this perception of potential.
* Active Trading Volume and Market Value: PEPE usually has high trading volumes. This indicates lively interest and trading activity in the market, which can be attractive to investors looking for liquidity.
* For example, during its peak period in May 2023, PEPE's 24-hour trading volume exceeded billions of dollars, leaving many established altcoins behind.
* PEPE's market value exceeded $1.8 billion at its peak, making it among the top 20 cryptocurrencies. It currently continues to be among the top 50 cryptocurrencies.
Current Data and Price Analysis (Approximate Values ​​as of June 7, 2025)
* Current Price: Although the PEPE price changes instantly, it is generally traded in the range of $0.000014 - $0.000015 at the time of writing.
* Market Value: PEPE's market value is around $5.9 billion, depending on its price and circulating supply. This keeps it in the top 20 in the cryptocurrency rankings.
* 24-Hour Trading Volume: The trading volume in the last 24 hours varies depending on the general activity in the market, but generally ranges between $500 million - $1 billion. This shows that investor interest in PEPE continues.
* All-Time High (ATH) Price: PEPE's all-time high price was recorded at $0.00001717.
Competition with Major Coins and Risk Assessment
Pepe is not at a level where it can directly "compete" with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in terms of market value. While Bitcoin and Ethereum form the basis of the crypto market with market values ​​in the billions of dollars, Pepe's market value is far below these giants. However, the word "competition" here can be used more in the context of investor interest and attracting speculative capital. Pepe is showing success in this area comparable to popular meme coins such as Dogecoin and Shiba Inu.

However, it should not be forgotten that Pepe is a meme coin, so it does not offer a core use case or technological innovation. Its value is largely dependent on community sentiment, social media trends and speculation. This can cause extreme volatility in its price and poses high risks for investors. The periods when PEPE has fallen by more than 70% from its peak price are the most concrete evidence of this volatility.