The recent surge of PEPE (CRYPTO: PEPE) has market observers buzzing in the wacky world of memecoins. What Happened: Over the past two months, this internet frog-faced favorite has seen its market cap balloon to over $3 billion, sparking a frenzy among investors and traders. “There’s a definite buzz around PEPE,” a crypto analyst tells Benzinga. “Many believe it’s still got room to grow.” This bullish sentiment stems from several factors. PEPE’s limited supply, with all 420.69 trillion coins already in circulation, creates a scenario where demand could outstrip supply. This is backed up by rec…