Pepe’s Spectacular 93% Surge, What Soaring Its Price?
Release: 2023/10/26 22:00 Reading: 578
The post Pepe’s Spectacular 93% Surge, What Soaring Its Price? appeared first on Coinpedia Fintech News
In recent news, PEPE, a popular meme cryptocurrency, has been on an impressive winning streak. Over the past week, it has surged by a remarkable 93%, reaching a two-month high. The meme coin’s significant gains align with the broader market rally, ignited by Bitcoin’s climb above $35,000.
New Token Burn Calms Concerns
At the beginning of the week, PEPE executed a substantial token burn. This strategic move was made to address concerns related to the token holdings of the PEPE team. With 3.79 trillion tokens in their possession, the team decided to reduce this number, reassuring the community.
Such a large token supply would not have a significant impact if released into the market. This step was taken following unexpected transactions by three team members that involved moving Pepe tokens worth millions of dollars from the project’s multisig wallet.
PEPE has further bolstered its position by enlisting a fresh team of advisors who will guide its future trajectory. This strategic move was officially announced on Pepe X (formerly known as Twitter).
The advisory team is actively exploring potential uses for the remaining 3.79 trillion tokens that still reside within the original team’s CEX multisig wallet. PEPE’s remarkable rally serves as a testament to the enduring influence and dynamism of meme coins within the cryptocurrency trading landscape.
Network Growth Fuels Momentum
Another significant factor contributing to PEPE’s substantial price surge is the rapid expansion of its network. According to insights from Santiment, a notable on-chain analytics firm, mid-cap cryptocurrencies like PEPE are experiencing significant growth in their networks.
As the market sentiment has turned bullish, attracting trader’s attention to major cryptocurrencies like Bitcoin and Ethereum, mid-cap tokens like PEPE have seen a surge in network activity.
Santiment’s data reveals a noteworthy increase in the number of new addresses created daily within the mid-cap crypto category. This uptick in network activity aligns with PEPE’s notable price gains over the past 24 hours.
Currently, PEPE was trading at $0.000001207, marking a price increase of 7.32% within that timeframe.
Recent news
More>- Memecoin Project Raises Over $1m, Unveils Website Upgrade, and Announces Upcoming Pepetoswap Launch 12-03
- In Days, XRP Becomes Third Largest Crypto—Which Altcoins Could Shake the Top 10 Soon? 12-03
- New Solana Memecoin Donald vs Israel (DONISRA) Will Skyrocket 16,000% Before Exchange Listings 12-03
- Which Crypto Under 1 Dollar Will Bring in 18400% Returns Quicker Than Dogecoin (DOGE) Did in 2021? 12-03
- Astounding Profit: Whale Turns $237K Investment in PEPE into $7.54M 12-03
- Dogecoin’s $5 Ambition Faces Competition as XYZVerse Could Reach $10 From $0.001 First! 12-03
- Dogecoin Whales Continue to Accumulate: Is Another Bull Run Imminent? 12-03
- Turn $100 Into $500,000 With These 5 Meme Coins Primed for Explosive 20,000% Growth! 12-03
- Must-Buy Altcoins for December 2024—You’ll Regret Not Holding These 5! 12-03
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com