PEPE Coin, the memecoin launched in April, has been causing a stir in the cryptocurrency industry with its impressive price surge. Over the past seven days, the asset's price rose by a staggering 638%; meanwhile, its gains for the last 24 hours alone reached 90%. The market's positive condition following the Fed's latest interest rate hike, exchange activity from crypto whales, and interaction from celebrities such as rapper Soulja Boy on Twitter could be among the factors driving PEPE's explosive growth. However, inexperienced investors must keep in mind security risks and enhanced market volatility while investing in such assets.