The cryptocurrency industry witnessed the entry of a fairly new frog-themed meme coin in the canine-dominated arena. PEPE has been making headlines since the time of its launch. More recently, PEPE was one of the few coins that hit a new peak this month. The meme coin slowed down after a notable rally during the past 30 days.

Also Read: Tron’s Justin Sun invests $30M in Donald Trump’s Crypto Project

Is PEPE Experiencing A Correction?

The cryptocurrency traded at $0.00001932 following a 3.79% decline over the past 24 hours. It should be noted that PEPE has had a challenging week, as it dropped by over 4%. But the meme coin surged by a staggering 112% throughout the month. About 12 days ago, on November 14, the asset hit an all-time high of $0.00002524. Currently, PEPE is trading 23% below this peak.

It looks like whales were pocketing the asset while it was dipping. The meme coin’s large transaction volume currently sits at $260.3 million. This comes after an increase of 47% over the past day, according to data from IntoTheBlock.

Despite PEPE’s latest price drop, CoinMarketCap’s community sentiment revealed a bullish notion. Amidst 92458 votes, 88% were bullish about the meme coin, witnessing a major surge. In addition, only 12% of them were not positive about the asset surging in the future.

Also Read: Rocket Lab Stock, Rival of Elon Musk’s SpaceX, Surges to ATH

Thanksgiving Price Prediction

Thanksgiving will likely bring great news for the PEPE community. The asset is expected to surge by over 5% from its current price and trade at a high of $ 0.00002029.

Also Read: Solana Meme Coin Platform Pump.Fun Removes Stream Feature

As seen in the above chart, PEPE is all set to end November on a great note. But the asset’s chances of revisiting its all-time high or surging high this month are on the backseat for now. December may roll out new opportunities for the meme coin and its investors.