Will PEPE prices continue to rise in June?

PEPE, a meme coin launched on Ethereum in April 2023, has quickly gained significant influence even though the identities of its creators remain anonymous. PEPE began trading on April 15, 2023, at a price close to $0.000000001. In just two weeks after launch, PEPE entered the top 100 cryptocurrencies by market capitalization.

Since its launch, PEPE's market capitalization has surpassed the $1 billion mark in just 20 days, reflecting a 7,000% price increase. This incredible growth has made a prominent mark in the cryptocurrency industry.

Recently, it secured its top spot as the most profitable meme coin. It remains unclear whether the current bull run will end in a major crash. However, indicators point to some upcoming events for PEPE in June.

PEPE price history

PEPE coin uses a deflationary mechanism, burning a small portion of tokens in each transaction to create scarcity and can increase the value of remaining tokens over time.

It uses a redistribution system, where a portion of each transaction is shared among current token holders, promoting user engagement and long-term investment

This frog-themed coin has brought good returns to holders over the past month. Currently, 91.59% of PEPE addresses, representing 227,990 holders, are profitable. Additionally, 5.32% of addresses, or 13,250 holders, are breaking even at the current price of around $0.0000144.