Pepe, the memecoin inspired by Matt Furie's viral frog character, surged 34% after a crypto influencer predicted a 40x increase in its value by 2026. The token, which launched in April 2023, reached a market cap of over $1 billion within a month and peaked at nearly $11 billion by December 2024. The recent rally follows a prediction by James Wynn, a well-known crypto trader, who forecasted Pepe's market cap to rise from $1.7 billion to $69 billion. Wynn, known for his high-risk trading strategies, has previously made significant profits and losses in the crypto market. His latest prediction comes as Pepe trades at its lowest in nearly two years, down 79% from its peak. Memecoins like Pepe, which rely heavily on trader sentiment, are known for their volatility, with many experiencing sharp declines in value.