PEPE Explodes 20% Daily to New All-Time High
Release: 2024/12/08 04:29 Reading: 914
TL;DR:
PEPE has resumed its bullish rally, surging 20% in the past 24 hours to reach a new high of over $0.000026.
Background:
On November 13, PEPE surged 100% within a week, driven by listings on major exchanges. Despite subsequent retraces, whales continued to accumulate the asset.
Recent Developments:
In recent days, PEPE has seen a renewed surge, rising 20% and surpassing its previous all-time high. This surge coincides with whale purchases, which often precede price rallies.
Impact:
PEPE has solidified its position as the third-largest meme coin and ranked 23rd among all cryptocurrencies. Its market capitalization has exceeded $11 billion.
Community Reaction:
The PEPE community has celebrated the recent surge, with some predicting a potential rise to the second-largest meme coin.
Additional Information:
PEPE's current market capitalization is about $8 billion less than SHIB, the second-largest meme coin. While this gap appears significant, the recent bull cycle has witnessed substantial rallies.
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