- author: Jacob Crypto Bury
Foreign Whales Scoop Up Trillions as Price Surges: Is Pepe Making a Comeback?
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The Rise of Pepe Whales
Just recently, two Pepe whales were spotted making some significant moves. They purchased a staggering 1.56 trillion Pepe tokens, shelling out 1.1 K Ethereum, which is about 2 million dollars in a single day. This surge in volume indicates a rise in FOMO (Fear Of Missing Out) for the Pepe token.
Pepe's Market Performance
Pepe is currently ranked 73rd in the market, with a huge amount of volume traded over the past 24 hours, totaling 143 million dollars. Its market capitalization stands at 558 million dollars. The popularity and brand identity of Pepe are growing, as more mainstream sources like CoinDesk are recognizing that meme coins like Pepe and Doge are anything but a joke.
Pepe's Potential as a Meme Coin
Could Pepe be one of the lasting meme coins, similar to Shiba Inu and Dogecoin? Some analysts believe so, suggesting that it may be a good coin to potentially hold through the next crypto bull run. Pepe's market performance and brand awareness indicate a positive outlook for the coin.
Price Analysis and Future Predictions
Pepe's price has experienced some volatility recently, with a euphoric blow-off top followed by a consolidation phase. However, there have been bullish price actions indicating a potential rise in the future. It's important to note that price analysis is subjective and should be supplemented with other indicators and research.
Pepe's Growing Community and Interest
Google Trends data shows a recent return in interest for Pepe, with a spike in searches. Additionally, over the past 14 days, there has been an additional 4,000 holders of the Pepe token, indicating growing adoption and community support. The ultimate goal is to reach 1 million holders, a milestone that seems achievable in the next crypto bull run.
Alternative Pepe-Themed Coin: Evil Pepe
For those interested in short-term gains and being part of the Pepe-themed token community, Evil Pepe is an alternative worth considering. Evil Pepe has raised over 1 million dollars in its pre-sale phase and has garnered significant attention. Investing in such coins requires individual research and decision-making, with the understanding that risks are involved.
Market Outlook and Conclusion
Looking at the overall crypto market, the sentiment is neutral with a slight fear factor. It's always a good idea to stay updated with the latest crypto news and join a community like the Jacob Crypto Clan Discord to gain valuable insights and technical analysis. As always, it's crucial to make informed decisions and conduct thorough research before investing in any cryptocurrency.
In conclusion, the rise of foreign whales in the Pepe token and the growing interest in meme coins like Pepe demonstrate the continuing trend of meme-coin popularity in the crypto space. Pepe's market performance, growing community, and potential for future gains make it an intriguing investment option. However, it's important to remember that the crypto market is highly volatile, and individual analysis and research are essential for successful investing.