James Wynn, a prominent legendary crypto trader, believes leading meme coin PEPE has the potential to hit a $69 billion market cap.
Notably, the global crypto market has remained under pressure for the past three months, losing $870 billion since October 2025. Despite short-lived rebounds across some assets, the total market cap now stands at $2.98 trillion. During this period, meme coins have suffered some of the biggest losses as investors avoid speculative trading.
In early October, the meme coin market held a combined value of $76.25 billion. Today, the figure has dropped to $39.63 billion, resulting in a $36.62 billion loss in three months.
Expectedly, PEPE accounts for a notable portion of that decline. The token’s market cap fell from $4.12 billion in early October to $2.13 billion at press time, wiping out about $2 billion.
Despite this decline, veteran trader James Wynn believes PEPE could launch a comeback if the broader bull market continues. Wynn shared this sentiment on X, stating that he does not believe the bull cycle has ended. Based on this belief, he expects money to flow back into leading meme coins and solid altcoins, with PEPE possibly benefiting.
Wynn compared PEPE’s current position to Shiba Inu’s performance during the last bull market. He noted that SHIB reached a $41 billion market cap in the previous cycle and argued that PEPE could move beyond that level.
Wynn also highlighted how quickly SHIB climbed, rising from a $3.5 billion valuation to $41 billion in less than one month. This represented a gain of 11.7x. The legendary trader sees this historical move as evidence that PEPE could achieve a much higher valuation.
According to Wynn, social engagement also gives PEPE an advantage. Notably, he stressed that social activity plays an important role in meme coin performance and pointed out that several exchanges use PEPE in their branding and promotional posts to boost engagement and attract users.
Wynn also referenced Dogecoin’s previous peak market cap of $88 billion to support his prediction. Considering these factors, he set a $69 billion market cap target for PEPE.
At its current valuation of $2.13 billion, PEPE would need to add $66.87 billion in market value to reach that target. That move would represent a 3,139% increase.
Reaching a $69 billion market cap would place PEPE as the eighth-largest crypto by market value, allowing it to surpass top-10 assets such as Dogecoin, Cardano, and Tron if their valuations stay the same. At present, PEPE ranks 38th among the largest crypto assets.
With a circulating supply of 420.68 trillion tokens, PEPE’s $2.13 billion market cap places its price at $0.00000506 per token. If the market cap climbs to $69 billion with the same supply, PEPE’s price would rise to about $0.0001640 per token.
To put things into perspective, a $10,000 investment at today’s price would grow to roughly $3.24 million. However, Wynn’s prediction remains highly speculative, and investors should not regard it as investment advice.
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