PEPEcoin's Rollercoaster Ride: From Highs to Lows and Back Again

Pepecoin (PEPE) has dropped nearly 45% from its peak of $0.00000431, likely due to traders taking profits on their positions or utilizing advanced trading strategies following the introduction of several pepe-tracked futures in the past week. These profits are likely being converted into ether (ETH), which hit an all-time high in deposits to exchanges since November 2021. Pepecoin holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins) with an almost 5,000,000% rise in the past few weeks.