Pepe

Rise

Coin

Trillion

<div class="watcher-guru"> 
 <p>Pepe coins’ exponential rise caught everyone’s attention in 2023. Nonetheless, like most memecoins, PEPE’s prosperous phase came to an end, leading to a period of decline. However, there seems to be a potential shift in the circumstances surrounding the asset now.</p> 
 <p>The digital asset saw a significant increase of 12.6% within the day, although its value had decreased by 14.8% over the course of the past month. In addition to its price movement, there has been a notable surge in trading activity for the meme coin. Recent data indicated that its trading volume experienced a substantial upswing over the past three days, growing from $53 million on Aug. 7 to $168.8 million on Aug. 9. The rise in trading volume is likely attributed to heightened buying activity.</p> 
 <p>In the midst of these developments, a large investor opted to acquire a portion of PEPE. An unidentified whale made a bold move by investing 1 million USDC, equivalent to $1,000,300, to acquire a substantial amount of 807 billion PEPE. These coins were valued at about $0.000001239 per coin.</p> 
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    <p lang="en" dir="ltr">A whale spent 1M $USDC to buy 807B $PEPE at $0.000001239 7 hrs ago after the price of $PEPE increased.https://t.co/P03KsDrzFi pic.twitter.com/0hjW6ewDjp</p>— Lookonchain (@lookonchain) August 9, 2023 
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 <p><strong>Also Read: Pepe Coin: Whales Buy 1.56 Trillion Tokens, Price Jumps 6%</strong></p> 
 <h4 class="wp-block-heading" id="h-pepe-s-growing-popularity">PEPE’s growing popularity</h4> 
 <p>Alongside, the PEPE network was experiencing a renewed increase in its adoption rate. According to IntoTheBlock, PEPE was attracting a fresh set of investors. The proportion of newly created addresses conducting their initial transaction out of the total active addresses for a specific day surged from 22% on Aug. 5 to 28.65% as of today.</p> 
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 <p>All these indications suggest that the asset might be able to maintain its ongoing upward trend. However, it’s important to acknowledge that PEPE is presently trading at a value 71% lower than its historical peak of $0.00000431.</p> 
 <p><strong>Also Read: Pepe Coin: Become a Millionaire With a $1000 in July 2023</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>crypto</li> 
  <li>cryptocurrency</li> 
  <li>pepe</li> 
 </ul> 
</div>

PEPE Coin Eyes 'Comeback' As 12% Rise Triggers Speculation

TheBitTimes

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