Pepe Token, a recently launched meme cryptocurrency, has generated more social media mentions in the past 30 days than Bitcoin and Ethereum combined, according to data from LunarCrush. However, the increased social activity does not necessarily equate to fundamental value or market performance, and traders caution that resistance levels on the token's chart could present shorting opportunities. Market analyst Michaël van de Poppe suggests that every block of resistance could potentially be an area to short the market, and advises shorting the token until it reaches support levels at $0.00000147, $0.00000115, or even as low as $0.00000085. Despite its extraordinary growth, some experts believe that Pepe Token is a scam.

PEPE, a frog-themed memecoin, has surpassed Dogecoin in key performance metrics, thanks to its listing on several cryptocurrency exchanges and high community expectations for a Coinbase listing. Despite a recent dip of 60% from its all-time high, PEPE has recovered by more than 8% in the last 24 hours and has seen a surge of over 6,000% in the last 30 days.

PEPE appears to be in a consolidation phase before a potential significant move. Key support levels are at $0.0000015 and $0.0000011, while the key resistance level is at $0.0000020. Despite a lack of interest shown by flat trading volume, bulls could take over the price action as sellers seem exhausted.

Pepe The Frog, a memecoin based on the popular internet meme, has surpassed Dogecoin in trading volumes, recording $227K in the past 24 hours compared to Dogecoin's $168K. Despite being ranked 68th by market capitalization, Pepe has seen considerable gains, with its price increasing from an all-time low of $0.000002764 to an all-time high of $0.000004354. The token has been listed on multiple crypto-exchanges and is present on three blockchains.

PEPE, a cryptocurrency with a frog theme, has gained attention during the current memecoin season, highlighting the potential growth of these volatile digital assets. Despite its unpredictable nature, PEPE's price has broken through a rising wedge pattern, suggesting a potentially bullish outlook and a possible 20-30% price rally.

$PEPE is up nearly 16% in the last 15 minutes

Meme coins were initially created to spread positivity and generate interest in cryptocurrency, but some have now entered the political arena and sparked strong reactions.

The popularity of meme coins has continued to grow following the success of PEPE, with BEN and PSYOP gaining significant attention due to their association with media personalities Ben Armstrong and Andrew Tate. However, the creator of these coins, ben.eth, is now facing legal action and allegations of misconduct, including misleading investors and wire fraud. Renowned law firm Loevy & Loevy has threatened to file a class action lawsuit against ben.eth, with damages potentially reaching $21 million. Despite mounting legal troubles, ben.eth appears to be focusing on airdrops rather than addressing the allegations against them. The future of BEN and PSYOP remains uncertain as more individuals express interest in joining the lawsuits.

Pepe coin (PEPE) has seen a decrease in trading volume, which could indicate a shift in investor interest. Memecoins like PEPE are considered risky due to their high volatility, so caution is advised.

The overall market capitalization of cryptocurrencies increased by $5 billion, reaching just under $1.2 trillion. While major cryptocurrencies remained relatively stable, some altcoins surprised with their performance.