After closing above the prior all-time high ($ATH) last week, frog-themed meme coin, Pepe ($PEPE), has confirmed a new rising trend. The mid-cap meme coin, with a fully diluted valuation of about $8.8 billion and daily traded volume of around $4.8 billion, rallied over 150 percent in the last two weeks, thus entering its much-awaited price discovery phase.

Having consolidated more than seven months, the $PEPEprice is now well bolstered to rally e