The post Pepe Coin (PEPE) Consolidates After Massive Surge: Good Time to Buy? appeared on BitcoinEthereumNews.com.

Pepe coin (PEPE), the frog-based memecoin, has taken the market by storm with its impressive performance over the past few days. The meme coin has seen a remarkable surge in value, gaining over 100% and reaching a new all-time high of $0.0000172. This rally has propelled PEPE to become the third-largest meme coin globally, with a market cap surpassing $7 billion, outperforming established players like Dogecoin and Shiba Inu. TLDR Pepe coin (PEPE) has seen a significant rally, gaining over 100% in the last few days and reaching a new all-time high of $0.0000172. PEPE has become the third-largest meme coin globally, with a market cap surpassing $7 billion, outperforming Dogecoin and Shiba Inu. The surge in PEPE is driven by significant whale accumulation and a fourfold increase in active addresses. A trader increased their portfolio value from $23 million to $65 million, realizing a 1200% return on investment in one year of trading PEPE. PEPE is expected to continue its rally and potentially reach $0.0001 as a new all-time high value. The surge in PEPE’s value is attributed to several factors, including significant whale accumulation and a fourfold increase in active addresses. High-net-worth investors have shown keen interest in the coin, with one whale investor withdrawing 1.32 trillion PEPE tokens from Binance within five days. This whale’s PEPE portfolio has already generated a 21% return at the current price, demonstrating the coin’s potential for high returns. PEPE’s outstanding performance is consistent with the positive outlook observed in the cryptocurrency sector after the authorization of spot Ethereum ETFs. https://t.co/EccAVi8mkT pic.twitter.com/lnLUsHaJfN — Pepe (@pepecoineth) May 27, 2024 The coin has maintained its bullish momentum, with buyers standing firm against attempts to lower prices. A strong support zone has emerged near the $0.00001380 threshold, which has been tested twice. PEPE is forming…

---

Filed under: News - @ May 28, 2024 1:14 pm