Pepe Coin Price Soars As VanEck Shares Cryptic Frog Meme Post
Release: 2024/06/28 20:49 Reading: 994
- Original author：Coingape News Media
- Original source：https://coingape.com/?p=204914
Pepe Coin Surges After VanEck's Cryptic Tease
Pepe Coin (PEPE), a renowned meme cryptocurrency, has recently experienced a significant price spike. The surge came after the coin tested the lower support level and rebounded strongly.
Coinciding with the price increase was a cryptic social media post from investment firm VanEck.
VanEck's Allusion
On the platform X, VanEck shared an enigmatic meme featuring a frog standing on a table while other animals sat around it. The caption read, "Important topics were discussed at the board meeting."
Speculation and Volatility
VanEck's post sparked a flurry of discussion and speculation in the cryptocurrency community. Initially, PEPE's price dipped 1.5% within 24 hours, reaching a low of $0.00001213. However, the coin quickly rebounded, fueled by hype and social media momentum.
Remarkable Resilience
Over the past week, Pepe Coin's price has surged by approximately 11%, demonstrating its resilience amidst the recent market downturn. VanEck's involvement in the crypto space, including their application for a Solana ETF, has further boosted investor confidence in PEPE.
Current Price and Trading
As of writing, PEPE has gained 3% from its intraday low, trading at $0.00001245 with a market cap of $5.25 billion. However, trading volume has declined by 11.80% to $500.55 million in the past 24 hours.
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