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PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In?

Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case. 

Crypto Whales Buy 720 Billion PEPE Tokens

On-chain analytics platform Lookonchain recently drew the crypto community’s attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasn’t always made the smartest investment moves, having lost $6.1 million so far. 

Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges. 

However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH.

Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coin’s price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin. 

Still Has Enough Bullish Momentum To Go

Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the “mega meme cycle” and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coin’s price. 

Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coin’s ecosystem. PEPE’s price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin. 

Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPE’s price will benefit from ETH’s run when this happens. PEPE’s price is known to have some correlation with Ethereum’s and will most likely enjoy a significant rally as Ethereum’s price picks up. 

At the time of writing, PEPE is trading at around $0.00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap. 

PEPE price chart from Tradingview.com

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Pepe Power! Meme Coin Surges On Back Of GameStop Nostalgia

The internet’s resident amphibian is back in the spotlight, but this time Pepe the Frog isn’t gracing troll forums – he’s maneuvering his way to the top of the cryptocurrency charts. PEPE, the meme coin named after the internet legend, is experiencing a historic surge, fueled by a potent mix of nostalgia and retail investor fervor.

From Backwater To Bullfrog: PEPE’s Rise

PEPE’s recent ascent is nothing short of meteoric. Trading volume has skyrocketed by an impressive 300% in the past 24 hours, with the price reaching an all-time high. This dramatic rise coincides with a resurgence in Gamestop (GME) stock, leading many to believe that the retail investor army of 2021 is back for round two, armed with meme coins as their weapon of choice.

The return of Keith Gill, better known online as “Roaring Kitty,” has acted as a rallying cry for these digital warriors. Gill’s surprise post on his dormant Reddit account sent shockwaves through the market, reigniting the nostalgic flames of the original Gamestop saga. Analysts suggest this nostalgia has spilled over into the crypto market, sparking a full-blown meme coin craze.

PEPE, already experiencing a steady climb since mid-April, has emerged as the unlikely champion of this digital meme menagerie.

Whales Take A Dip In The Pepe Pond

It’s not just the small-time investors driving the PEPE surge. Big money, or “whales” in crypto speak, are also diving headfirst into the frenzy. On-chain data reveals a whale recently splashing out a cool 1.86 million USDC for a whopping 195 billion PEPE tokens. Another whale scooped up a hefty 406 million PEPE, further propelling the price upwards.

But Is It All Golden Memes And Rainbows?

While PEPE’s current trajectory is a dream come true for early adopters, a cautionary tale lurks beneath the frothy surface. Meme coins are notorious for their wild volatility. Their value is often built on hype and fleeting internet trends, not robust financial fundamentals. This means a sudden shift in sentiment could trigger a dramatic price crash, leaving investors holding the Pepe bag.

Related Reading: Bullish On Ethereum: Analyst Predicts Crypto’s Imminent Takeoff

Furthermore, PEPE is a relatively new player in the crypto game, with an uncertain future. Unlike established cryptocurrencies, PEPE lacks a proven track record. Its long-term viability remains a question mark.

Featured image from @GameStopPepe/X, chart from TradingView

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Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coin’s Price Tumble

The once-booming meme coin Pepe (PEPE) has hit a rough patch, experiencing a price drop of nearly 10% in the past 24 hours. This sudden downturn comes amidst a flurry of questions surrounding massive token withdrawals from a major exchange and the overall future of the meme-inspired cryptocurrency.

PEPE Price Takes A Tumble

Just a few months ago, PEPE was riding high, capturing the attention of crypto enthusiasts with its rapid price surges. However, the tides seem to have turned. The recent price drop has cast a shadow of uncertainty over the meme coin’s future trajectory.

While some might attribute the dip to a typical correction in the volatile cryptocurrency market, recent on-chain data paints a more intriguing picture.

Whale Movements Spark FUD

According to Etherscan, a blockchain analytics platform, a massive withdrawal of nearly 1 trillion PEPE tokens, valued at almost $8 million, occurred two days ago. The origin of the transfer remains shrouded in mystery, with a high-security Gnosis Safe Proxy wallet facilitating the movement.

This wasn’t an isolated event either. Data reveals another withdrawal of 322.48 billion PEPE tokens, worth around $2.7 million, from the same shadowy address just a day prior.

The timing of these hefty transactions couldn’t be more perplexing. They coincided with an unexpected 17% surge in PEPE’s price, leading to speculation and fear, or FUD, within the cryptocurrency community.

Theories range from market manipulation tactics to the possibility of unforeseen regulatory crackdowns, causing jitters among investors.

Community Sentiment: Bullish Despite The Wobble

Interestingly, despite the price drop and surrounding uncertainty, CoinGecko data indicates that the PEPE community remains largely bullish. This unwavering optimism is further bolstered by the influx of 703 new PEPE holders in the past day.

Prominent cryptocurrency figures like renowned analyst David Gokhshtein, who thinks PEPE will continue to be Dogecoin’s major rival in the imminent bull market anticipated later this year, are fanning the bullish flames.

Investing In PEPE: Proceed With Caution

Meanwhile, as the community sentiment leans towards optimism, and some experts see significant growth potential, the recent price drop and the enigma surrounding the large token withdrawals highlight the inherent volatility of the cryptocurrency market.

Featured image from KnowYourMeme, chart from TradingView

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PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues

Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth.

BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after hitting a new ATH over the weekend, which prompted whales to take profit on their bags.

Whale Makes Big Profits After Price Surge

After its launch in April of last year, the frog-themed coin shook the crypto space and the memecoin market, becoming one of the most recognizable memecoins in the sphere.

Despite the big start, PEPE’s price started fading as the market turned its eyes to competitors like BONK and other Solana-based memecoins. However, the bull run has propelled the market prices to heights unseen since 2022, and PEPE has taken advantage of the bullish momentum.

As reported by the blockchain analytics platform Lookonchain, a whale made over 431% in profits in just two weeks. The address shows that the trader withdrew over 1 trillion PEPE tokens from Binance in three transactions before the price skyrocketed.

The first transaction of 713.12 billion PEPE was made 15 days ago when it was trading at around $0.00000138. The second withdrawal, about 316.36 billion tokens, was done a day later when the token price was $0.00000180. Finally, the trader withdrew 116.7 billion tokens one more time when the price was hovering around $0.00000269.

Lookonchain said these withdrawals accounted for 1.19 trillion PEPE tokens, which cost about $1.88 million. Yesterday, the whale deposited 196.18 billion tokens back to Binance for profits of $1.7 million.

The address still has 1 trillion PEPE left, worth around $8.13M at the time of the report. At the time of writing, these holdings had increased by over $1 million and were worth $9.13 million.

As reported by NewsBTC, whales have profited from their PEPE holdings since the memecoin started its resurgence in late February.

PEPE’s Massive 800% Surge

Despite the volatile crypto market and whales selling large amounts of PEPE, its community seemingly feels confident in the frog-theme coin and considers it THE memecoin of this bull run.

Since the memecoin interest surged, Pepe coin has tagged along and shown massive growth. In the last 14 days, the token has registered a staggering 549% price. Even more impressively, the price has risen 799.5% in the past month.

The token has climbed to the top of the memecoin ranking after flipping tokens like BONK and CorgiAI. PEPE now sits as the third largest memecoin with a market capitalization of $3.85 billion, an 8.41% increase in the last 24 hours.

Similarly, its daily trading volume has increased by 16.85% to $1.49 billion, suggesting that market activity and interest in the memecoin have surged in the last day.

At writing time, PEPE is trading at $0,000009135. This represents an 8.5% rise in 24 hours and a 5.95% decrease from its ATH of $0,000009793, registered two days ago.

PEPE, PEPEUSDT

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Pepe Coin Soars Over 250% – Will March Bring More Surprises?

There are lots of surprises during the bull season. Occasionally, during a bull run, coins that have been falling or thought to be dead can rise again, and tokens with defective models can self-correct. In the instance of Pepe Coin (PEPE), which was thought to have lost value and utility but has recently gained attention and is amassing a large number, this is the situation.

With Bitcoin getting close to its peak price and the market rallying, the cryptocurrency space is a flurry of activity. Memes have particularly profited from this renaissance because of their widespread popularity and low cost, which draw in a diverse range of investors.

Pepe Coin Climbs Amid Increased Memecoin Interest

Pepe Coin has stood out in this surge of interest, coming in third place in the meme coin rankings, only behind Shiba Inu (SHIB) and Dogecoin (DOGE). This rise suggests that investors are becoming more interested.

PEPE had a very diverse trajectory and became a billion-dollar asset at periods when there was speculation of a huge trend reversal. The market cap rise of the memecoins was increasing dramatically.

The weekly and daily chart patterns, when analyzed, show consistent growth that might perhaps reach new heights. February saw the start of Pepe’s value climb, which culminated in a 200% spike in just one week.

Today, Pepe reached a top of $0.0000041, and registered an impressive 255% rally in the weekly timeframe. The coin’s performance was equally notable in the 24-hour timescale, with a nearly 50% gain. The weekly chart shows Pepe’s value is still above the critical resistance level, indicating that the market is confident and that there may be further rises ahead.

The bulls will regain momentum and challenge the price’s upper resistance level of $0.00000315 if the market pushes the price above the barrier level of $0.00000280. Additionally, if the bulls maintain their hold on the market, it will rise further and get ready to test its upper boundary of $0.00000350.

Meme Coin Profits Up

In the meantime, a scenario of note occurred when six prominent wallets made trades and sold approximately 2 trillion $PEPE coins between them. Sales for the transaction totaled about $4.37 million, while profits came close to an astounding $2 million. Token exchanges of this size demonstrate the extent of market activity around $PEPE during this upswing.

Although lacking the technological sophistication of Ethereum, its merits reside in its active participation by the community and the capacity for social media to go ubiquitous.

Similar to other meme coins, Pepe Coin is subject to significant fluctuations in value due to celebrity endorsements and community sentiment. This renders it a potentially lucrative investment opportunity for individuals adept at navigating the tumultuous realm of internet meme culture.

With Pepe Coin experiencing a remarkable 250% surge, all eyes are on what March holds for this unpredictable cryptocurrency. As investors eagerly anticipate further developments, the question lingers: Will Pepe Coin continue to defy expectations and unveil more surprises in the coming month?

Featured image from Pexels, chart from TradingView.com

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Crypto Market Slowdown Amid Rally? Prices Remain Strong With Bitcoin Above $62K

The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000.

The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally.

However, no prediction is set in stone, as many factors could swing investors’ sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath.

Crypto Market Momentarily Slows Down

The global crypto market reached a significant milestone for this bullish run a few days ago. As reported, the total crypto market cap hit $2T on February 27, an accomplishment not seen since April 2022.

As March begins, the market cap for the crypto market sits at $2.3 trillion, representing a 17.97% surge in the 7-day timeframe. This growth has surpassed the level established in early 2022 and potentially clears the path to the $2.4 trillion mark seen in December 2021.

Nonetheless, the market rise seemingly slowed down momentarily. The current market cap of $2.31 trillion represents a modest 1.32% decrease over the last day, according to CoinMarketCap data.

Similarly, the total crypto market trading volume was around $127.9 billion at writing time, registering a significant 35.77% drop from yesterday.

The data shows that Bitcoin and Ether have faced over 40% market activity decrease compared to the trading volume registered 24 hours ago. Similarly, some of the largest memecoins showed a slowdown in performance.

As the list below shows, Dogecoin (DOGE) registered a 5.9% price drop on the last day. Likewise, Shiba Inu’s (SHIB) price decreased by 5.8% in the same timeframe.

On the contrary, Solana (SOL) performed better on the last day than the top ten cryptocurrencies, registering a 4.1% price surge.  SOL’s $134 price places it alongside DOGE as the best-performing cryptocurrencies among the top ten in the last seven.

Among the largest gainers on the last day, PEPE reversed yesterday’s 12% price drop after registering a 10.9% growth during the past 24 hours. Similarly, the dog-themed memecoins dogwifhat (WIF) and (BONK) registered a price increase of 20,66% and 6.65%, respectively.

Bitcoin And Ether Remain Strong Amid The Market Volatility

Some analysts expect a significant halving-related drop in Bitcoin’s price. Meanwhile, the King of crypto has shown strong resistance above a massive support wall, as crypto analyst Ali Martinez suggests.

Over 1 million addresses are buying over 671,000 BTC within the $60,000 and $62,000 price range. Which, according to the analyst, highlights a strong investor confidence. This confidence could be a crucial support level and a cushion against a future price drop.

At writing time, the flagship cryptocurrency trades at around $62,052.71, which only accounts for a 1% decrease from the day before. BTC has increased over 21.8% in the last week, and it’s only 10.34% lower than its all-time high (ATH) of $69,000 registered in November 2021.

Likewise, it’s worth noting that Ether (ETH) has been showing a robust performance in the past few days amid the volatile crypto market. Maintaining its price range in the past 24 hours, the ‘king of altcoins’ registered only a 1.8% price decrease from yesterday. ETH currently trades at $3,411.88, representing a notable 16.2% rise in the past week.

BTC, BTCUSDT, Bitcoin

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PEPE Whale Makes Big Moves With 1.97T Deposit To Exchange And SHIB Transaction

Recently, a PEPE whale made a series of moves that resulted in over $3 million in realized profits after the token’s recent price surge. The whale then took a new position and showed potential gains.

Whale’s Big Moves Bring Big Money

As reported by Lookonchain, a blockchain analytics platform, a whale made a big move yesterday after depositing almost 2 trillion PEPE tokens to one of the largest crypto exchanges in the world.

This whale’s shopping spree started June 7, 2023, when Pepe Coin traded at $0.000001054. The address accumulated 1.97 trillion Pepe tokens from June until December last year.

Just over two months after the 6-month buying spree, the whale deposited the entirety of its PEPE holdings, worth around $6.07 million, to Binance. According to the blockchain analytics platform, the whale made over $3.49 million in profit in just a few hours.

The whale changed its position and bought 75.9 billion SHIB tokens just a few hours later. Suggesting that the investor saw potential in Shiba Inu’s future price performance.

Whales tend to hold massive influence over the market as any movement of their large holdings could swing the market’s sentiment over a cryptocurrency.

Typically, when a whale withdraws its holdings from an exchange, investors interpret it as a sign of long-term confidence in that cryptocurrency. On the contrary, when a whale sells large amounts of a coin, investors might take this as a lack of confidence in the token.

At the time of the report, the whale’s massive acquisition of SHIB was worth around $893,000. However, as of this writing, the tokens are worth over $1 million, according to Etherscan’s value. This showcases that the investment in SHIB increased its value by over $100,000 in less than 12 hours.

PEPE And SHIB Performance

The whale’s new investment, Shiba Inu, the 19th largest cryptocurrency and the second largest memecoin by market cap, has shown incredible performance in the last 24 hours.

During the last day, SHIB’s price skyrocketed 25.5% and currently trades at $0.00001388. Additionally, the token’s market activity has increased by 127.50%, with a trading volume of over $2.65 billion in the last 24 hours.

On the other hand, PEPE was making headlines yesterday due to its impressive 140% price jump from the previous week. The frog-themed memecoin seems to be in the middle of a price resurgence fueled by the market dynamics and its social media popularity.

However, PEPE trades at $0.000002891 at writing time, representing a 12% decrease in the last 24 hours. Compared to the token’s yesterday performance in the same time frame, a 59.47% increase from the day prior, PEPE seems to be facing a momentary slowdown.

Similarly, PEPE’s trading volume and market cap decreased by 22.47% and 11.96% on the last day. These metrics hint at a reduction in recent market activity for the cryptocurrency.

However, its performance in longer timeframes, especially the 7-day 142% price surge, suggests that the memecoin is still outperforming the global cryptocurrency market, according to CoinGecko.

PEPE, PEPEUSDT

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PEPE Explodes 140% Today – What’s Up With This Frog-Themed Meme Coin?

Pepe Coin, the meme-inspired cryptocurrency, just doesn’t run out of surprises, skyrocketing by nearly 140% in the weekly timescale. This remarkable comeback has not only caught the attention of cryptocurrency enthusiasts but has also ignited renewed interest in meme coins as a whole.

Pepe Coin, once languishing in the shadows, has now emerged as a frontrunner in the meme coin space. Its market capitalization has soared to an impressive $1.1 billion, and analysts predict that it could potentially reach its all-time high market cap of $1.8 billion, necessitating a tenfold price appreciation from its current levels.

Pepe Coin: Speculation And Social Media Frenzy Fuel Resurgence

The crypto’s resurgence is not solely a result of market dynamics but is also driven by key factors within the meme coin ecosystem. Speculation and trading activity have played a significant role, fueled by the growing interest in Ethereum-based meme coins. Pepe Coin, with its distinctive frog-themed branding, has captured the imagination of investors and meme enthusiasts alike.

Social media platforms, particularly Twitter, have become a breeding ground for discussions surrounding Pepe Coin. The cryptocurrency has trended with over 53,000 posts dedicated to its vibrant community and its potential as a promising investment opportunity. The widespread traction on social media has further boosted Pepe Coin’s popularity and contributed to its surging value.

PEPE Whales, High-Volume Transactions Boost Profits

Notable events within the PEPE ecosystem have also contributed to its recent success. Six influential wallets executed trades, resulting in the offloading of nearly 2 trillion PEPE tokens. This high-volume transaction amounted to approximately $4.37 million in sales, generating substantial profits of around $2 million. Such significant market activity underscores the growing momentum surrounding the meme coin during this surge.

As Pepe Coin’s value continues to climb, it finds itself in the midst of a broader bullish sentiment in the cryptocurrency market. Bitcoin has reached an impressive price point of $57,000, while Ethereum trades above $3,200. This positive market sentiment provides a favorable backdrop for Pepe Coin and other digital assets, signaling a potentially lucrative period for investors.

Pepe Coin, a green-colored frog-themed meme coin, was launched in May 2023 and quickly gained popularity among cryptocurrency enthusiasts. With its total supply of 420.69 trillion PEPE tokens, all of which are already in circulation, Pepe Coin stands out as a unique and intriguing player in the meme coin market.

PEPE’s recent surge of over 140% and its ascent to a market cap of over $1 billion showcases the growing influence of meme coins in the cryptocurrency landscape.

Featured image Pexels, chart from TradingView

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PEPE Inks 46% Weekly Gain – Can It Leap To The $1 Jackpot?

Struggling to make significant upward strides, the PEPE price might touch $0.0000020 in the next few weeks, grappling with the challenge of surpassing this particular threshold.

Predicting the long-term trajectory remains elusive; achieving the $1 mark for PEPE requires an extraordinary surge from its present level, a feat that would position PEPE among the most lucrative meme coins in history.

Meme tokens, lacking robust fundamentals and utility, consistently face the looming threat of being overshadowed by newer, trendier counterparts.

Hence, while a modest increase to $0.0000020 in the near future appears plausible, surging beyond this may prove to be a formidable hurdle for the PEPE price.

Mastering Timing In Meme Token Investments

Investors are cautioned to tread carefully, as meme tokens like PEPE are prone to significant acquisitions by large investors, followed by subsequent dumping. Despite PEPE’s overall growth potential, substantial downturns are anticipated to be a recurring pattern.

Recognizing the pivotal role that timing plays in the realm of cryptocurrency investments, it becomes evident that the significance of choosing the opportune moment cannot be emphasized enough.

The dynamic and often unpredictable nature of the crypto markets amplifies the impact of timing on investment outcomes, presenting a delicate balance between seizing potential opportunities and navigating potential risks.

Meanwhile, data from Santiment sheds light on a significant milestone in the world of cryptocurrency. Specifically, the number of distinct addresses engaged in PEPE transfers has surged to an unprecedented all-time high, maintaining this elevated status for an impressive 25 consecutive days.

This surge in unique addresses participating in PEPE transfers not only underscores a heightened level of activity but also suggests a sustained and robust interest in the PEPE cryptocurrency ecosystem.

PEPE’s Strong Chart Signals Anticipate Bullish Surge

On another positive note, PEPE’s chart currently exudes strength, with indicators hinting at imminent gains. The convergence of PEPE’s 30-day moving average and its 200-day average is on the horizon, potentially signaling a ‘golden cross,’ a phenomenon often associated with breakouts.

Simultaneously, the Relative Strength Index (RSI) for PEPE hovers near 70, indicating sustained buying pressure that is likely to propel the altcoin’s value upward in the coming days.

Supporting this optimistic perspective is the consistent elevation in trading volume, a clear indication that significant market players are actively accumulating PEPE.

This heightened trading activity suggests a palpable anticipation among major investors, as they position themselves strategically to capitalize on anticipated future price surges.

Despite a recent indication of sluggishness, PEPE remains resilient, boasting a 46% increase over the past week and a solid 20% rise over the last four weeks.

People were shocked when PEPE reached a market cap of $1 billion only one month after it came out. During this time, the meme coin rose to its all-time high of $0.000004354. Because of this, it became famous and was added to well-known cryptocurrency exchanges like Binance.

Today, with a market cap surpassing $670 million, PEPE continues to attract attention, and its 24-hour trading volume, nearing $400 million, indicates the potential for further rallies in the days to come.

As PEPE demonstrates notable gains, the prospect of reaching the $1 jackpot adds an element of anticipation.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Shutterstock

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Pepe Conquers The Weekend Charts With 61% Rally – Here’s Why

Amidst the crypto market’s recent surge propelled by rumors of the Bitcoin Spot ETF approval, PEPE, a noteworthy altcoin, made a strong move by announcing the burning of over $5.5 million worth of its PEPE tokens.

This smart decision resulted in a remarkable 30% surge within just 24 hours, propelling the value of PEPE to a two-month high. The surge in the crypto market triggered by the potential Bitcoin Spot ETF approval provided the perfect backdrop for PEPE’s strategic action, marking a significant upward shift in its value and indicating a resurgence in the altcoin space.

PEPE’s Impressive Market Performance

Recent data from crypto market tracker Coingecko highlights the impressive market performance of Pepe Coin. In the past week, the price of the meme coin has demonstrated an outstanding 61% surge, currently resting at $0.000001207, which marked a 0.84% gain at the time of this writing.

This sustained upward trajectory not only underscores the coin’s resilience but also positions it as a significant player in the volatile crypto market, showcasing remarkable growth over a short period.

Anticipations in the market for Pepe Coin suggest an imminent test of buyers’ resolve around the support level. Observers foresee a scenario where a substantial influx of aggressive purchases during a price dip could trigger a strong rebound for the Pepe coin.

If this support indeed materializes, the coin is poised to potentially surge beyond the $0.0000019 mark. This projection not only signifies an opportunity for market momentum but also points to a critical juncture that could shape the near-future trajectory of Pepe’s value.

The fervor surrounding Pepe, the memecoin sensation, intensified as the cryptocurrency surged an impressive 38% following the much-anticipated release of its latest updates. Notably, Pepe Coin unveiled a fresh team of advisors, marking a pivotal strategic move aimed at shaping the coin’s future trajectory.

Amidst a week of substantial fluctuations in the crypto market, the spotlight fell on meme coins, with PEPE coin making a prominent appearance by almost doubling its value, reaching a market cap of $500.

The Growing Appeal Of Meme Coins

The success of PEPE coin signifies the growing influence and appeal of meme-based cryptocurrencies, which often rely heavily on online communities and social media engagement. The enthusiasm surrounding these coins is fueled by a combination of factors, including social trends, speculative trading, and the potential for quick, albeit risky, returns on investment.

However, it’s important to note that the extreme volatility and speculative nature of meme coins can lead to unpredictable price swings and potential risks for investors.

Elon Musk’s recent announcement regarding the incorporation of various payment methods into his platform, X, has sparked considerable interest and activity within the market. As the excitement surrounding the Bitcoin Spot ETF gradually subsided, the attention of the crypto market shifted towards meme coins.

Specifically, the PEPE team’s decision to burn roughly 7 trillion tokens emerged as a key driver in the recent growth pattern. This strategic move significantly reduced the coin’s supply, potentially contributing to the increase in its value.

These collective events underscore the dynamic nature of the cryptocurrency landscape, where strategic decisions and external endorsements wield substantial influence over market sentiment and value fluctuations.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from iStock

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PEPE Roars Ahead: Dominates SHIB And DOGE With Record-Breaking 6.9T Burn

In the ongoing frenzy surrounding meme coins that have captivated the cryptocurrency market throughout 2023, PEPE has experienced a significant resurgence. 

After a prolonged decline from July 14 to October 3, the memecoin halted its downtrend and entered an accumulation phase. Subsequently, it embarked on a renewed bullish uptrend starting on October 20, outperforming Ethereum-based altcoin Shiba Inu (SHIB) and Elon Musk-backed Dogecoin (DOGE) by a significant margin. 

As a result of this uptrend, PEPE has reclaimed its position in the top 100 list of cryptocurrencies, currently ranking 96th.

Bitcoin’s Surge Beyond $35,000 Sparks Market Uptrend

This surge in value has been largely influenced by the market leader, Bitcoin (BTC), which surpassed the $35,000 mark on Tuesday. 

For many, the current uptrend is driven by anticipation of the approval of a spot Bitcoin exchange-traded fund (ETF), which could potentially bring a new wave of capital into the market.

Furthermore, Dogecoin is among the five popular meme coins influenced by Bitcoin’s rise to $35,000. Shiba Inu also experienced a 5.9% gain and is currently trading at $0.00000765, following a similar pattern to DOGE.

In a significant development, the dev team behind PEPE announced on X (formerly Twitter) that approximately 6.9 trillion $PEPE tokens, worth around $6,000,000, have been burned. 

Additionally, a new team of advisors has been brought on board to guide the future direction of Pepe. The original team is exploring using the remaining 3.79 trillion tokens, attributed to the Centralized Exchange (CEX) multi-sig wallet, for strategic partnerships and marketing opportunities. 

The PEPE community can expect regular updates on future token burns, movements, or uses through Twitter and the official telegram channel.

PEPE Price Skyrockets By 25.83% In 24 Hours

As of today, the price of Pepe (PEPE) stands at US$0.000000930549, with a 24-hour trading volume of $455,035,042.79. This represents a significant price increase of 25.83% in the last 24 hours and a 43.63% increase over the past 7 days. 

With a circulating supply of 420 billion PEPE, Pepe currently holds a market capitalization of $398,014,904.

PEPE

On the other hand, SHIB is currently priced at $0.00000739, with a 24-hour trading volume of $314,695,140.13. 

Over the past 24 hours, SHIB has experienced a price increase of 2.72% and a 6.04% increase over the past 7 days. With a circulating supply of 590 billion SHIB, Shiba Inu has a market capitalization of US$4,348,847,496.

Meanwhile, DOGE is trading at $0.065989, with a 24-hour trading volume of $1,064,277,555.26. Over the past 24 hours, DOGE has seen a price increase of 3.02% and an 11.02% increase over the past 7 days. 

With a circulating supply of 140 billion DOGE, Dogecoin holds a market capitalization of US$9,327,269,145.

The recent price movements and market activities of these meme coins reflect the renewed confidence and interest in the cryptocurrency market. Furthermore, these numbers solidify PEPE’s position as the standout performer in the market.

Featured image from Shutterstock, chart from TradingView.com 

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Meme Coins That Are Ripe For The Picking Following $3.2 Billion Crash

As the crypto market suffered major losses due to the bear season, meme coins were not left out. These tokens which are often created in line with memes on the internet saw their cumulative market cap drop by $3.2 billion in 2023. This decline has paved the way for possibly buying these highly popular tokens at what could be considered a discount.

Dogecoin (DOGE): King Of The Meme Coins

Dogecoin (DOGE) has managed to retain its title as the king of the meme coins over the years but that has not helped the altcoin to dodge the bloodbath. Despite starting out the year 2023 strong and trading close to the $0.1 level, it has succumbed to the seemingly never-ending bear pressure and fallen around 50% since then.

Dogecoin is currently trading at one of its lowest points since the year began, which could signal a prime time for purchasing the meme coin. According to data from Messari, DOGE’s price is currently over 91% lower than its all-time high price of $0.738. This means that a return to its all-time high in a bull market would be an almost 10x return on investment from its current $0.059 level.

Shiba Inu (SHIB): The DOGE Killer

When Shiba Inu first came out in 2020 as an alleged ‘Dogecoin killer’, crypto investors did not take it seriously. It wasn’t until it mounted one of the most impressive rallies of 2021 that investors saw its potential. Eventually, it grew to become the second-largest crypto among the meme coins, clocking an over $10 billion market cap at one point.

However, just like its biggest competitor Dogecoin, Shiba Inu has been subject to unfavorable conditions which have seen its price decline rapidly. It is almost 92% below its October 2021 all-time high of $0.0000869. So just like Dogecoin, a return to its all-time high price will also see SHIB return almost 10x on its current price of $0.00000706.

Shiba Inu price chart from Tradingview.com (meme coins market cap Dogecoin Pepe Coin)

SHIB also remains a fierce competition for Dogecoin after the team released their very own Layer 2 blockchain called Shibarium. This blockchain, built atop the Ethereum network, has put it in the league of large players such as Polygon (MATIC), Arbitrum (ARB), and Optimism (OP).

Pepe Coin (PEPE): The New Kid On The Block

Pepe Coin (PEPE) is currently only a few months old but it has already shown that it deserves to be listed among the top meme coins. PEPE’s run-up to over $1.4 billion in a bear market was nothing short of historical. But even this new kid on the block could not completely shake off the bears.

PEPE’s market cap has fallen by over $1.2 billion since it hit its all-time high in May, which could present a buying opportunity. Now, given PEPE’s performance in a bear market, it is expected to rally even more in a bull market.

Since it is currently 84% below its all-time high price, a return to that level from here would mean an 8x return. The coin also commands a significant following with 520,000 followers on Twitter, making it one of the most followed meme coins in the space.

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Get Rich Or Get Rugged? RUGME’s Unique Liquidity Mechanism Sparks Controversy

In the cryptocurrency world, a new token has emerged, causing a stir among investors. Rug Me (RUGME) has a unique liquidity mechanism that is daring investors to try to “rug” the contract. 

According to the DeFi researcher Tsubasa, the token comes with a big brain game that challenges the most intelligent investors to solve a complex puzzle, promising high rewards. However, there is a catch. If someone is smart enough to solve the puzzle, they can rug the liquidity and take 20% of the pool.

Rugging the liquidity means that someone can pull out a significant amount of funds from the pool and cause the token’s value to drop rapidly. This can result in significant losses for investors who hold the token.

RUGME, Big Brain Game, Or Big Risk?

RUGME has a 1 trillion supply, with 100% of the supply used as liquidity. The token has a 10% transfer and buy fee, with no selling fee. All fees are disbursed to holders, who can claim them from the contract. When the liquidity is rug-pulled, 20% goes to the rugger, and 80% is refunded to the holders.

RUGME

Furthermore, Tsubasa believes investing in Rug Me is not for the faint. The token is high-risk and high-reward, with the potential for significant loss. However, Rug Me (RUGME) offers a unique and exciting investment opportunity for investors willing to take the risk.

Despite the risk, investors are flocking to RUGME, with 15 ETH already in the liquidity pool. The token has a 100e curve, meaning that any buy below 100e will get the same price, with no first-comer advantage. The token has a 10% transfer and buy fee, with all fees disbursed to holders who can claim from the contract.

This mechanism incentivizes holding the token, as holders can earn fees every time the token is transferred or bought. The flat pricing below 100e makes it easier for investors to enter the market at the same price point as others rather than being at a disadvantage due to coming in later.

The earlier investors are, the more fees they earn from buys. However, after 100e, the price will start moving, and if people keep buying, the price could skyrocket. But the risk of rug-pulling is ever-present, and investors need to know the potential for loss.

Is The Memecoin Craze Losing Steam? Signs Point To A Slowdown

The Pepe (PEPE) token, a meme-inspired cryptocurrency, recently experienced a surge in popularity that saw its price skyrocket from $0.00000002764 on April 17 to a high of $0.000004354 on May 5. However, the frenzy has cooled considerably, leaving many investors wondering if the Pepe (PEPE) craze is over. Currently, the token is trading at $0.0000014390, Down by 1% in the last 24 hours and more than 7% in the seven-day time frame. 

According to data from CoinGecko, the price of Pepe (PEPE) has fallen by more than 63% from its all-time high on May 5. Additionally, the daily transaction volume, which peaked at over $1 billion, has dropped to $270 million over the last 24 hours. Onchain data reveals a significant decline in interest in PEPE as the frenzy appears to end.

While the recent surge in popularity of meme-inspired cryptocurrencies like Pepe has captured the attention of investors, there are concerns about the sustainability of these coins. Many of them are highly speculative investments with no real-world use case or underlying value, and the recent drop-off in interest in Pepe (PEPE) seems to indicate that the hype may have been short-lived.

RUGME

Featured image from Unsplash, chart from TradingView.com

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PEPE Unlikely To Be As Big As DOGE & SHIB, Says Santiment

Here’s how the growth in PEPE has so far compared with that of its predecessor meme coins: Shiba Inu (SHIB) and Dogecoin (DOGE).

PEPE’s Peak Trading Volume Hasn’t Been Near DOGE Or SHIB’s Yet

Pepe Coin, a token based on the popular internet frog meme avatar, suddenly burst into the scene last month. The coin has enjoyed a rapid rise in popularity, with its best period coming in the first week of this month, where it registered a price increase of more than 1,000%.

Since this amazing rally earlier in the month, however, the cryptocurrency has seemed to have run out of steam. Nonetheless, market participants have still been wondering about the long-term prospects of the coin, as the meme coin has been looked at as the next big thing after DOGE and SHIB.

But cab PEPE really compare with these top two meme coins by market cap?

In its latest insight, the on-chain analytics firm Santiment has compared a couple of metrics between these three assets, to see where PEPE stands against them.

The first indicator of interest here is the “trading volume,” which is a measure of the daily total amount of a given cryptocurrency that’s being transacted on the blockchain.

Here is a chart that highlights how the trading volume for PEPE has looked recently, as well as the behavior the indicator showed during the respective peaks of Dogecoin and Shiba Inu:

Pepe vs Shiba Inu vs Dogecoin

As displayed in the above graph, PEPE has observed a peak trading volume of $2 billion so far, which is quite sizeable in isolation, but when compared to what Dogecoin and Shiba Inu saw during their best periods, the spike appears very small.

Naturally, these humongous spikes in DOGE’s and SHIB’s trading volumes occurred only later in the lifetimes of the assets, while the frog is still very much in its infancy.

“Although PEPE’s trading volume is significantly lower, it leaves room for growth and untapped potential,” explains Santiment.

“However, it also means that the liquidity and retail participation in the market for PEPE is far less than what DOGE and SHIB experienced in previous years. In fact, it seems the retail landscape has changed dramatically, with retail participation appearing nearly nonexistent,” the on-chain data aggregator added.

The other metric of relevance here is the “social volume,” which tells us about the degree of discussions that a certain cryptocurrency is receiving on social media platforms.

The below chart shows the trend in this indicator for the three meme coins:

Dogecoin, Pepe, Shiba Inu Social Volumes

In terms of discussions happening on Twitter, PEPE has actually been on par with DOGE and SHIB during their peak periods. “However, when it comes to mainstream media coverage, PEPE falls short,” notes the analytics firm. “While DOGE was discussed on national television, PEPE remains primarily confined to the realm of crypto Twitter.”

Based on the fact that retail engagement and mainstream attention have been low for the coin, Santiment has concluded that while the frog-based meme coin could have the potential for further growth, it’s unlikely that it touches the same height as its predecessors.

PEPE Price

At the time of writing, PEPE is trading around $0.00000167, down 16% in the last week.

PEPE Price Chart

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Is Pepe Coin Ready For Another Pump? Here’s What On-Chain Data Says

Here’s what the different on-chain indicators from Santiment have to say about whether Pepe Coin could see another pump soon or not.

The Memecoin’s On-Chain Metrics Have Been Down Since The Top

PEPE has been one of the hottest topics around the cryptocurrency market recently, thanks to the explosive growth that the meme coin has enjoyed. Between the end of last month and the 5th of May, the coin saw its price rise by an extraordinary 1,200%.

The uptrend, however, ended there and the cryptocurrency has been sharply plunging since then. According to Santiment, the on-chain analytics firm’s “social dominance” indicator signaled this top in advance.

Social dominance tells us what percentage of the discussions happening on social media related to the top 100 cryptocurrencies by market cap are talking about a given coin.

As the below chart shows, Pepe’s social dominance rose to very high values just before the top took form earlier in the month.

Pepe Coin Social Dominance

Whenever social dominance hits high levels, it’s a sign of euphoria among investors, which is something that has historically led to top formations for cryptocurrencies.

Santiment notes that the indicator still has a value of about 5%, meaning that 5% of all discussions related to the top 100 assets involve the meme coin currently.

“Seeing it get down to the 1-2% range would be a good sign that traders are beginning to stray away and look for pumps from other altcoins,” the firm explains.

The active addresses metric, which measures the total number of unique addresses taking part in some transaction activity on the blockchain, also saw a spike just before the top.

Pepe Active Addresses

When this indicator has a high value, it means a large number of investors are making trades right now. The price generally becomes more likely to get volatile when the metric shows such a trend.

From the chart, it’s visible that the active addresses indicator has come down in value for PEPE in the last few days, which means that the market activity has calmed down.

An interesting trend is also visible in the data for the supply of the largest Pepe Coin holders, as the below graph displays.

Pepe Coin Whales

These humongous holders had been accumulating while the rally had been going on, but right as the top took form, they started shedding coins from their wallets.

This cohort has continued to sell since then as PEPE’s value has gone downhill. “If you start seeing these lines moving up again, there is a much larger probability of PEPE going for its 2nd round of pumping (though probably a more minor one),” explains Santiment.

One positive sign for the asset, however, may be that the trading volume has rebounded recently after having declined since the top (just like the other metrics). Trading Volume

“All in all, meme coins have to be taken for what they are. They’re controlled by speculation and crowd expectations,” says the analytics firm. “In these fresh, new assets that fit this description, you’ll likely want to watch when the crowd gets too emphatic that one price direction is going to happen.”

PEPE Price

At the time of writing, Pepe Coin is trading around $0.000001251, down 37% in the last week.

Pepe Price Chart

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PEPE Price Prediction: Can Pepe Coin Flip Dogecoin?

Pepe is the hottest new meme coin in crypto, based on one of the most popular memes in history and one that has an enormous presence in the cryptocurrency community. 

Pepe coin has already minted millionaires out of those who only rolled the dice with a few hundred dollars. In recent days, it has done over a 20x return. But that’s now in the past, and what we are focused on is the future. How much will Pepe coin be worth? Read our Pepe price prediction to find out.

What Is Pepe Crypto?

Pepe, the freshest meme coin in the game, features crypto’s beloved and melancholy frog, Pepe. Leveraging the unstoppable momentum of meme culture, Pepe crypto fuses the secure and transparent features of blockchain technology with the explosive virality of the Pepe the Frog meme, resulting in a truly exceptional experience for its holders.

The inception of Pepe coin was born from the viral success of the iconic Pepe the Frog meme. Created by the talented artist, Matt Furie, this image became an instant sensation across numerous online platforms, eventually becoming a prominent symbol of internet culture. 

Pepe coin encapsulates the very essence of digital communities, harnessing the collective power of internet culture to offer users an immersive and enjoyable digital currency.

pepe price prediction

What Is Pepe Meme Coin Origins?

Boy’s Club is a comic series created by artist Matt Furie, featuring a group of anthropomorphic animal characters hanging out and engaging in everyday activities. Pepe the Frog originated from this series as a supporting character, first appearing in a 2005 strip. 

Over time, Pepe gained popularity on various internet platforms, eventually evolving into a widely-shared internet meme with numerous adaptations and variations, including “Sad Frog” and “Angry Pepe.”

Compared to other memes, Pepe is more popularly used in the crypto community and with more variety than other memes. For example, despite the history and popularity of Dogecoin, the meme isn’t used as much in internet culture today. 

pepe coin price prediction

Pepe Coin Tokenonomics: Supply, Utility, and More

Pepe coin has a total supply of 420,690,000,000,000 tokens. 93.1% of the supply was sent to the liquidity pools. The remaining 6.9% of the supply is being held in a multi-sig wallet only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. 

Eventually Pepe holders will gain access to crypto utilities like Pepe merch, Pepe Academy, and Pepe Tools, whatever those may be.

pepe price prediction

Pepe Success Stories: Feels Good Man

Social media, especially Twitter, is filled with Pepe success stories. Some of the largest examples include making more than $4 million with only a $27 purchase in Pepe. However, that story has a sad ending. 

Others turned $250 into more than a million. And the winnings keep piling up. On the day of Pepe’s Binance listing, it climbed more than 121% alone. The rising star of meme coins has become so huge that it made it over a $1B market cap momentarily. Holders of the token seek to flip Dogecoin, which would be another 20x from current levels.

Making Money With Meme Coin Mania

The emergence and explosion in Pepe crypto popularity has resulted in tons of knock offs and meme coins that are hoping to cash in on the trend. Many of these new coins have nowhere near the same level of meme clout as Pepe, but are still doing well in the current mania.

It is important to note that most of these meme coins have very little fundamental value, even Pepe, are rising because investors are hoping to buy the coin early and sell it later at a higher price. During the Dogecoin-led meme mania, most of the knockoffs created then are mostly worthless today.

Pepe Price Predictions

Few would have guessed that Pepe would rise like it has in ROI. But cryptocurrencies are known to climb by astronomical amounts during their early days and Pepe coin has been no different.

Dogecoin is up over 700,000% from its 2015 lows. Ethereum rose more than 370,000% ROI from the time it was released. Even Bitcoin did more than 50,000% during its first ever cycle. The average ROI of these three cryptocurrencies is an astounding 373,333%. 

This theoretically shows the remarkable potential for growth and profitability that Pepe might offer to investors who are willing to take on the risks associated with this emerging market.

Pepe price prediction

Pepe Price Prediction: Will Pepe Flip Dogecoin?

The Pepe community hopes to flip Dogecoin in market cap. Using the current Dogecoin market cap of roughly $10B, and the current Pepe market cap as of the time of this writing, which is $770M, this would represent a minimum of a 12x in price. 

If Dogecoin didn’t grow in value at the same time, Pepe would reach $0.000022116 per coin. However, if Dogecoin also climbed and Pepe still beat it by 12x, Pepe would reach a much higher price per token. 

If Dogecoin’s market cap was still valued at $88B at its all-time high in 2021, Pepe would be required to increase over 113 times to surpass Dogecoin in market cap. Considering Dogecoin reached this price in the past, Pepecoin could still have a 100x return in its future.

Pepe Price Prediction: Will Pepe Flip Ethereum?

No, this is highly unlikely. In fact, Ethereum gas fees are skyrocketing due to the meme coin craze that Pepe ignited. Most meme coins, aside from Dogecoin, are available only as ERC-20 tokens built on Ethereum. Due to this design, it costs ETH to trade, transfer, or interact with the tokens.

However, this comparison with Ethereum does show Pepe’s potential.

Pepe coin price prediction ethereum

Pepe Price Prediction: Will Pepe Flip Bitcoin?

No, this is also very unlikely. Not even Ethereum has been able to flip Bitcoin. Bitcoin has first mover advantage, global adoption, regulatory acceptance, and more. Pepe, like other meme coins, offers very little utility.

However, this comparison with Bitcoin further shows potential.

Pepe coin price prediction bitcoin

Pepe Price Prediction: Will Pepe Go to Zero?

This is unlikely, but not impossible. Pepe coin is based on the meme created by Matt Furie. In the past, Matt Furie has filed lawsuits against the unlawful use of his creation. 

There is no telling if somehow Furie is able to take action against the decentralized cryptocurrency.

Please note that any price predictions or investment advice provided in our articles are for informational purposes only and should not be taken as financial advice. Investing in cryptocurrencies or any other financial asset carries a high level of risk and may not be suitable for all investors. It is important to conduct your own research and analysis before making any investment decisions. NewsBTC.com and its writers do not accept any responsibility for any losses that may arise from reliance on information contained in our articles.

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Pepe Shakes Off CZ’s Controversial Views On Meme Coins, Shoots Up 709%

Pepe Coin has emerged victorious in the battle against skepticism and doubt, with an incredible rally that left even its harshest critics astounded. 

Despite the naysayers, including Changpeng “CZ” Zhao, the CEO of Binance, who openly expressed his confusion towards meme coins, Pepe proved to be a force to be reckoned with.

The coin has experienced a stunning resurgence, with Coingecko reporting a jaw-dropping 100% rally in just 24 hours, putting its price at $0.00000221.

The momentum didn’t stop there, as the coin continued its meteoric rise, boasting a remarkable seven-day increase of 708%, defying all expectations and proving its worth as a contender in the world of meme coins.

CZ Expresses Confusion Over Meme Coins

During a recent Twitter Spaces conversation, CZ expressed his confusion over the concept of meme coins. Despite this, he stated that Binance’s decision to list such coins is primarily based on user interest and trading volume, rather than his personal understanding of the coins. 

“I personally never really understood meme coins,” the Binance chief said. “There are many successful people who do seem to understand them, including Elon Musk, and others, so we go by users.”

CZ did acknowledge that meme coins like Pepe have recently gained popularity, and while Binance does not base listing decisions purely on hype, they do consider the level of speculative interest surrounding a coin.

Pepe is a recent example of a meme coin that has seen an incredible surge in price since its launch on April 14, with a price increase of nearly 38,900%. While the Binance big boss may not fully comprehend the concept of meme coins, he remains neutral on listing decisions, leaving them in the hands of a separate team at his exchange.

Potential Factors Behind Impressive Rise Of Pepe Coin

Pepe’s incredible price surge can be attributed to several factors. Firstly, the current market is experiencing an upswing, with most coins and tokens seeing a rise in value following the announcement of a 25 basis point increase in interest rates by the US Federal Reserve. 

Pepe Coin’s debut coincided with this market uptick, contributing to its initial spike in value.

Additionally, crypto whales have taken notice of Pepe Coin, with many investing in the latest meme coin. One notable example saw a crypto whale swapping all their assets for Pepe, immediately netting a profit of over $1 million.

Other whales have also used the price surge to lock in profits, resulting in exponential returns on investment.

-Featured image from Twitter/Watcher Guru

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From $27 to $4M: Pepe Wallet Unable To Sell Unstoppable Rally

Pepe is the hot new meme coin that everyone can’t stop talking about. The enormous climb in value in a short time is responsible for all the chatter.

One particular whale turned $27 into more than $4M. Yet, according to the cryptocurrency community, the owner do the related wallet might never be able to cash in on those gains.

“Blacklisted” Pepe Wallet Left A Sad Frog

The meme coin based on Pepe the Frog has everyone who bought in earlier today, feeling good. Aside from a little chop here and there, the rising star in crypto simply wont stop climbing higher.

Early adopters turned $250 into $1 million, and in this latest example, a Pepe wallet that holds 2.5 trillion tokens turned $27 into over $4 million. This rounds out to roughly 0.59% of the max supply.

The only problem, is that according to crypto Twitter, the owner of the coins cannot cash out, and has been “blacklisted.” User “Borovik.ETH” claims it was a dev’s wallet, and therefore is unable to sell their holdings.

Pepe Ethereum wallet whale

Why The King of Meme Coins Could Keep Climbing

Shocking stories of fortunes being made by simply buying and holding Pepe are growing by the day. And while the early returns are certainly substantial, because of the dynamics of price discovery, it could be nowhere near done.

New cryptocurrencies perform the best as capital and liquidity rushes in. With no bagholders to speak of, there is no real resistance levels leading to large price increases and extended moves.

For example, in Bitcoin or Ethereum, much of the best performance came early on after the asset began trading on exchanges. The same can be said for more recent altcoins like Chainlink or Solana.

In the comparison above, Pepe can be seen side-by-side with Ethereum. The chart, made for entertainment purposes, is pure speculation and designed to demonstrate the lack of price history and clear skies Pepe has above current levels.

This is crypto, and anything is possible. Especially for the king of crypto memes.