The post Hedera, XRP Pump Over 25% as Pepe Unchained Raises $60M appeared on BitcoinEthereumNews.com.

Hedera (HBAR) and XRP (XRP) are making some big moves right now, jumping over 25%, while most other altcoins see red. And speaking of unexpected wins, the new meme coin project Pepe Unchained (PEPU) has just hit $60 million during its presale. With its exchange launch approaching quickly, investors are speculating that this early demand could translate to a post-listing surge for PEPU. Hedera Soars Past $0.24 as Huge Endorsement Sparks Rally HBAR is on a tear right now, jumping 27% to hit $0.24 – a price that hasn’t been seen since April 2022. The token’s momentum is real, with HBAR now in the number three spot on CoinMarketCap’s top gainers list and racking up $3.4 billion in spot volume. This puts it just below Cardano in the volume rankings. But what’s driving all this positive price action? There has been a mix of bullish catalysts in recent weeks that have boosted demand for HBAR. First, Dell’s VP endorsed Hedera, talking up the project’s business-friendly fixed fees. Additionally, Canary Capital filed for a spot HBAR ETF, which has caused Wall Street to take notice of the token. There are even rumors that Brian Brooks, who sits on Hedera’s board, might be in the running for SEC Chair when Trump takes office. These three factors are likely fueling HBAR’s price action. XRP Surges to 6-Year High on Gensler Exit & Whale Accumulation XRP is also crushing it, soaring 25% in the past day to hit $2.30. That means XRP has risen by an enormous 80% in just the past seven days, reaching levels not seen since January 2018. Behind the scenes, the buzz is building around Gary Gensler stepping down as SEC Chair in January. XRP holders are excited by this and are hoping for someone friendlier to cryptocurrencies to step…

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Filed under: News - @ December 2, 2024 6:27 pm