PEPE Memecoin Surges Over 30% in One Week: Here’s Why

Sep 30, 2023 | Market Data

20

2

Trending

PEPE Memecoin Surges Over 30% in One Week: Here’s Why

In the world of cryptocurrencies, there’s a meme coin called PEPE Memecoin that’s making a big comeback. It’s been one of the best-performing cryptocurrencies lately, with its price going up by about 10% in the last 24 hours.

Source – CoinGecko

PEPE, which gained a lot of attention earlier this year, has seen its price shoot up by almost 32% in the past week, according to CoinGecko, a cryptocurrency data platform.

Why is PEPE doing so well?

1. Crypto Market Comeback: One reason for PEPE’s rise is that the entire cryptocurrency market has been doing better lately. The total value of all cryptocurrencies combined has been going up by around 3% every day, and many cryptocurrencies have been going up in value.

2. Big Investors: Some big investors, often called “whales,” have been buying a lot of PEPE coins Lookonchain, a platform that analyzes blockchain data, found that two new wallets were created, and they spent over $800,000 to buy a massive 1.08 trillion PEPE coins. Another investor, who had made more than $2.30 million from trading PEPE before, came back into the picture by spending $645,000 on PEPE. This same investor also spent a huge amount of another cryptocurrency called Ethereum (ETH), equivalent to $951,000, to buy even more PEPE on August 29.

3. Memecoin Trend: PEPE isn’t the only memecoin that’s doing well right now. ApeCoin, which is connected to the Bored Ape Yacht Club, has also seen its value go up by more than 10% in a single day and 12.5% in a week.

This shows that in the world of cryptocurrencies, things can change very quickly, and even meme-based coins like PEPE can experience rapid price increases. People who are interested in cryptocurrencies are keeping a close eye on these developments to see what might happen next.

FAQ’s

1. Why has PEPE Coin gained recent attention?

PEPE Coin recently experienced a surge in value, drawing attention due to its substantial price increase. This surge is linked to factors like market dynamics and investor activity.

2. Who are the major investors in PEPE Coin?

Large cryptocurrency investors, often called “whales,” have shown interest in PEPE Coin. They have made significant investments in the coin, contributing to its recent success.

3. Is PEPE Coin a good investment?

The cryptocurrency market is highly volatile, and memecoins like PEPE Coin can experience rapid price fluctuations. Before investing, it’s essential to conduct thorough research and consider your risk tolerance.

4. How can I buy PEPE Coin?

To buy PEPE Coin, you can typically use cryptocurrency exchanges that list it. Create an account on a reputable exchange, deposit funds, and place an order to purchase PEPE Coin

For all Memecoins News updates follow Memecoinist and also follow us on different social media platforms like TwitterFacebookInstagram and LinkedIn

You might also like

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Featured

Analysis

Article

Featured

Analysis