PEPE (CRYPTO:PEPE), the frog-themed meme coin, recently reached a new milestone with an all-time high market cap nearing $5 billion on May 15, securing its spot as the third-largest meme coin behind DOGE (CRYPTO:DOGE) and SHIB (CRYPTO:SHIB).

ChatGPT suggests that if PEPE sustains its price momentum and gains community support and influential endorsements, it could potentially become the leading meme coin.

Market momentum remains a crucial factor, but community backing and support from prominent figures could significantly impact its trajectory.

Despite PEPE's rapid rise since its inception in April 2023, investors should approach the volatile meme coin sector cautiously, as significant gains may come with substantial risks.