Huge Attack from Popular Memecoin! Surpassed Two Altcoins and Entered the Top 20 Cryptocurrencies!
Release: 2024/12/09 16:09 Reading: 571
Memecoin Pepe Coin Surges, Surpassing Uniswap and Litecoin
Despite their volatility, memecoins continue to captivate investors. Pepe Coin (PEPE), a prominent meme, has recently made a significant surge.
Data shows that PEPE has surpassed Uniswap (UNI) and Litecoin (LTC) in market capitalization, currently ranking 20th. The upward momentum has continued, with PEPE reaching a new high above $11.37 billion, surpassing UNI and LTC.
Analysts attribute PEPE's success to increased whale activity and accessibility through platforms like MoonPay.
Ali Martinez, a cryptocurrency analyst, highlights growing institutional interest, with whales adding $1.14 billion to their PEPE holdings over the weekend. Martinez notes that historically, such accumulation has preceded price rallies, suggesting a positive outlook for PEPE.
MoonPay's integration is also believed to have played a role in the surge. MoonPay enables over 20 million users in 180 countries to purchase PEPE through Apple Pay and Venmo, making it more accessible for retail investors.
Disclaimer: This information does not constitute investment advice.
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