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Pepe, a frog-based meme coin, is now the third-biggest meme coin and the 83rd largest cryptocurrency with a market valuation of $453.8 million.
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What Happened: According to LookOnChain data, a whale bought 996 billion PEPE/USD-1.52% tokens over the course of the previous two days for 617 ETH, or around $1.11 million. Throughout the year, this whale has also made some sizable investments in some of the biggest bitcoin deals.
Pepe Coin Dominates Meme Coin Arena with a 50% Monthly Surge,Pepe Coin Dominates Meme Coin Arena with a 50% Monthly Surge
Price Action: PEPE, a meme currency, surged 50% during the previous month. According to CoinDesk, the price spike happened during a token burn event in which developers burnt $5.5 million worth of tokens, or 6.9 trillion PEPE.
With 3.79 trillion tokens ($3.72 million) already in the Pepe team’s possession, a sale on the open market would have little effect.
The decision was made in response to reports from CoinDesk that a gang of rogue Pepe developers had stolen millions of dollars’ worth of PEPE in a series of unexpected transfers.
Why It Is Important: PEPE announced the addition of a new group of advisers to help steer the token’s future during the final week of October. We are presently investigating marketing options and strategic collaborations.
According to Coin Edition, technical analysis of PEPE’s daily chart indicates that a price decline is probably coming in the next few days.
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Nov. 14 is Benzinga’s Future of Digital Assets Event in New York. Come learn more about the current rise in popularity of memecoins.
For the community of digital assets, the meeting is seen as crucial. The event will highlight the most recent developments, innovations, and difficulties in the field of digital assets.
Pepe Coin Dominates Meme Coin Arena with a 50% Monthly Surge,Pepe Coin Dominates Meme Coin Arena with a 50% Monthly Surge,Pepe Coin Dominates Meme Coin Arena with a 50% Monthly Surge , Pepe coin Crypto news, Pepe coin News