Pepe (PEPE) is experiencing a price increase today, driven by anticipation surrounding its upcoming halving event. The official PEPE account announced that the halving is just 28 days away, creating excitement among meme coin enthusiasts. This event is expected to cut PEPE's token emission rate, potentially leading to a supply shock. Historically, such reductions in supply, when met with steady or growing demand, have resulted in significant price increases. Investors are speculating that this halving could trigger a revival in meme coin interest, with PEPE at the forefront.
The current price of Pepe (PEPE) is up 2.32% from its previous close.