Popular meme coin Pepe Coin price (PEPE) has surged by over 14% within the final 24 hours, persevering with to outpace all different main meme cash in positive factors during the last fortnight. Currently priced at $0.00001021, PEPE is 26% larger than its worth two weeks in the past, making it the top-performing meme coin on this interval.
Pepe Price Soars as Whale Investor Profits
Pepe Coin’s vital value improve has been accompanied by a notable rise in buying and selling quantity. In the final 24 hours, PEPE‘s buying and selling quantity reached $1,680,635,438, a 266.40% improve from the day past. This surge in exercise highlights rising investor curiosity and market exercise surrounding the coin. The present value is a exceptional 18,380.81% larger than its all-time low of $0.00000005514, recorded on April 18, 2023.
Adding to the thrill, a outstanding investor often known as Pepe Whale has just lately made substantial strikes out there. This whale deposited 250 billion PEPE, valued at $2.67 million, on the Binance cryptocurrency change. The whale initially acquired 474.95 billion PEPE for simply $1,000 and has now realized a revenue of $3.6 million following the latest deposit.
An early purchaser of $PEPE deposited 250B $PEPE($2.67M) into #Binance for income 55 minutes in the past.
He purchased 474.95B $PEPE($4.8M) with a value of solely $1K.
His revenue on $PEPE is ~$3.6M.https://t.co/w2J655MLUw pic.twitter.com/4PBKdiGVdo
— Lookonchain (@lookonchain) May 13, 2024
Also Read: Dogecoin (DOGE) Joins GameStop-Induced Rally With 10% Surge
Pepe Futures Open Interest Soars 13.08%
In distinction to PEPE’s spectacular positive factors, the unique meme coin Dogecoin (DOGE) has seen a modest 5.51% improve over the previous fortnight, at present buying and selling at $0.1428. None of the opposite prime ten meme cash by market capitalization have achieved double-digit share positive factors in the identical interval. Despite its cheaper price improve, Dogecoin’s derivatives market buying and selling quantity is nearing $2 billion. Both lengthy and quick DOGE merchants have positioned positions, boosting the Open Interest (OI) price by 4.86% over the previous 24 hours.
The latest value motion within the PEPE market has been marked by vital volatility. The final 24-hour value chart reveals PEPE experiencing a noticeable rise in worth. Technical indicators recommend bullish momentum, with the Relative Strength Index (RSI) edging nearer to the overbought territory at a present degree of 59.30. Additionally, the Klinger Oscillator, which has just lately crossed from damaging to constructive, reinforces the potential for continued upward motion.
CoinGlass knowledge reveals that Open Interest has soared by 13.08% to $112.33 million. This surge displays growing dealer confidence in PEPE’s future efficiency. However, the fast rise in open curiosity and buying and selling quantity also can point out heightened speculative exercise, which can result in elevated volatility and potential corrections.
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The offered content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.
