Pepe

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<p class="is-style-lead">Pepe (<a href="https://crypto.news/price/pepe/">PEPE</a>) recently clinched a 2-month high following an impressive momentum that picked up two days ago. Amid this bullish run, market participants have leveraged the asset’s recent rally to rake in profits.</p> 
<p>As the buzz surrounding meme coins declined from late May to early June, PEPE <a href="https://crypto.news/pepe-price-tumbles-16-amid-binance-regulatory-saga/">dropped</a> below the $0.000001 psychological support level on June 10 following a discouraging 17.5% intraday loss. The broader market-wide drop that saw BTC plummet below $25,000 contributed to this decline in PEPE’s price.</p> 
<p>After the drop, PEPE consolidated below $0.000001 until June 17, when it surged to $0.00000105. However, the bears summarily snuffed out the asset’s momentum due to a lack of support from the broader market.</p> 
<p> You might also like: <a href="https://crypto.news/miners-hop-on-exchanges-as-bitcoin-price-hikes/"> Miners hop on exchanges as bitcoin price hikes </a> </p> 
<p>PEPE’s rally picked up on June 20 when support from the market eventually arrived. The asset rallied by over 13%, closing above the $0.000001 mark. A subsequent 28% rally saw PEPE reclaim a high of $0.00000147 the following day.</p> 
<p>PEPE <a href="https://crypto.news/pepe-coin-emerges-as-top-gainer-amid-market-wide-rally/">rallied</a> to a peak of $0.00000179 on June 23 before facing stern opposition, resulting in modest declines. However, the latest rally from BTC triggered another PEPE run, leading to the recapture of the two-month high of $0.0000019 on July 3.</p> 
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 <img decoding="async" width="1137" height="602" src="https://crypto.news/app/uploads/2023/07/PEPE-price-July-4.png" alt="PEPE clinches 2-month high amid recent rally - 1" class="wp-image-14175854">
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  PEPE price – July 4 | Source: Trading View
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<h2 class="wp-block-heading" id="pepe-investors-engage-in-profit-taking-trades">PEPE investors engage in profit-taking trades</h2> 
<p>Amid the latest rally, PEPE investors who procured the asset during its downtrend have begun observing profits on their holdings. Consequently, some market participants have engaged in profit-taking trades.</p> 
<p>Blockchain surveillance system Lookonchain particularly called attention to an investor who recently capitalized on the rally to cash in on his PEPE investment.&nbsp;</p> 
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   <p lang="en" dir="ltr">A newly created wallet withdrew 945B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a> ($1.64M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> 40 mins ago.<a href="https://t.co/z1ovJdBPCq" target="_blank">https://t.co/z1ovJdBPCq</a> <a href="https://t.co/f3jl9T8dYW" target="_blank">pic.twitter.com/f3jl9T8dYW</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1676123927083626496?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 4, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>On-chain data suggests that this <a href="https://debank.com/profile/0x9df2322bdaec46627100c999e6dddd27837fec6e/history" target="_blank" rel="noopener">investor</a> withdrew 945 billion PEPE worth $1.64 million from Binance three hours ago. This individual has since taken to selling his PEPE tokens for ethereum (ETH) in a series of transactions.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Pepe Coin : THIS WILL SHOCK YOU!!" width="1020" height="574" src="https://www.youtube.com/embed/oo9J8YJ9iw0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>The first transaction saw the sale of 67.6 billion PEPE for 60 ETH ($117,259). Subsequent sales have each involved 15 ETH. So far, the investor has dumped over 203 billion PEPE for 180 ETH worth $351K+.</p> 
<p>Meanwhile, PEPE’s latest rally has met resistance, leading to consistent declines. A bearish start to the morning saw PEPE drop to a low of $0.00000171. Despite a modest comeback, the meme coin is down 5.43% today.</p> 
<p> Read more: <a href="https://crypto.news/regulatory-changes-prompt-revolut-to-delist-some-cryptos-in-the-us/"> Regulatory changes prompt Revolut to delist some cryptos in the US </a> </p>

PEPE clinches 2-month high amid recent rally

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