PEPE’s Momentum Eases After Record-Breaking Month

Popular memecoin PEPE saw a remarkable surge in April and May, posting a 45.63% gain according to CoinMarketCap data. The token jumped from around $0.00000090 in late April to recent highs near $0.000016 before easing back toward the $0.000013 level. This rally propelled PEPE’s market cap to $5.42 billion, positioning it among the top memecoins by valuation. However, recent price action shows signs of consolidation and fatigue after this strong performance.