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The price of PEPE has updated its historical maximum

On May 15, 2024, the Pepe Coin (PEPE) token updated its all-time high at $0.00001161, according to TradingView. Some other memcoins also saw gains.

At the time of writing, the asset’s rate has dropped, but the daily chart still shows positive dynamics. The increase over the last 24 hours is 7.3%:

It is noteworthy that other memcoins in the Solana network also showed an increase. In particular, the price of the FLOKI token (FLOKI) increased by 13% per day:

Mog Coin (MOG), in turn, first grew by 16%, but was unable to gain a foothold at a new level, after which it fell:

The jump in the prices of these assets occurred against the backdrop of the situation around GameStop (GME). The asset surged more than 330% following the post by financial analyst Keith Gill, aka Roaring Kitty.

Despite the fact that the asset is not related to GameStop, Gill's return after three years of silence had a positive impact on its price. Following this increase, other memcoins were noted on the Solana network.

Source: Cryptocurrency

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