Pepe

Sponge

NEXT GEN PEPE

Billion

<p>The Pepe price has dipped 7% in the past 24 hours to trade for $0.00000782 as of 06:04 a.m. EST on trading volume that dipped 36%.</p>
<p>PEPE is leading the meme coin sector bloodbath, with its peers such as Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF) and Floki Inu (FLOKI) all in the red on the one-day timeframe.</p>
<p>The dump comes after the Bitcoin price dropped below the $63,000 threshold after concealing directional bias. The influence of BTC on altcoins has superseded bold moves by large holders. Reports have indicated that a whale has bought 142.96 billion PEPE tokens.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Traders buy 143 Billion PEPE, 'Bullish' Phenomenon Approaching? <a href="https://t.co/shJTIC2y7z" rel="noopener noreferrer nofollow">https://t.co/shJTIC2y7z</a></p>
 <p>— Kakiforex (@kakiforexcom) <a href="https://twitter.com/kakiforexcom/status/1787778849620824240?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The whale spent 1.26 million USDC to buy 142.96 billion PEPE tokens. The purchase was made at a unit price of $0.000008831 per PEPE token, adding to a series of transactions orchestrated by the trader. Likened to the works of “smart money,” this trader has taken part in Pepe trades on multiple occasions in the last six months.</p>
<p>The transactions have raised speculation on whether the whale could be buying the dip or whether they know something.</p>
<h2 id="pepe-price-prediction">Pepe Price Prediction</h2>
<p>The Pepe price is in the Golden Zone, between the 38.2% and the 61.8% Fibonacci retracement levels of $0.00000820 and $0.00000657. If the 50% Fibonacci placeholder holds, the Pepe price could bounce to continue the primary trend. A higher high above the peak of the May 6 trading session at $0.00000918 would confirm a trend reversal in favor of the bulls.</p>
<p>In a highly bullish case, the gains could see the Pepe price extend to the apex of the market range at $0.00001084. Such a move would constitute a 37% climb above current levels</p>
<p>The upward trajectory of the Simple Moving Averages (SMA) shows that the north is the path with the least resistance.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-08_13-02-20.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-518306 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-08_13-02-20.png" alt="Pepe" width="1273" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-08_13-02-20.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-08_13-02-20-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-08_13-02-20-1024x438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-08_13-02-20-768x328.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/QPmE2cOH/" target="_blank" rel="noopener noreferrer nofollow">TradingView: PEPE/USDT 1-day chart</a></p>
<p>On the other hand, if seller momentum increases, the Pepe price could extend the fall. A flip of the 50% Fibonacci placeholder at $0.00000738 into resistance, worsened by a slip below the 50-day SMA at $0.00000715 would inspire more sell orders.</p>
<p>For the bullish thesis to be invalidated, however, the bears must pull the Pepe price lower below the 61.8% Fibonacci retracement level of $0.00000657. This would mean the Pepe price has fallen outside the Golden Zone. Enhanced selling pressure could draw the frog-themed token to the 100-day SMA at $0.00000539.</p>
<p>Even as the Pepe price deliberates from which side to walk out of the Fibonacci Golden Zone, SPONGE V2 aims to do another 100X on launch, as its predecessor, Sponge V1, did last year in a bear market.</p>
<p>Crypto YouTuber Jacob Bury is one analyst who believes it could well repeat last year’s feat with another 100X surge.</p>
<p><iframe title="SPONGE Meme Coin Launched on POLYGON - Next 100X Crypto?!" width="640" height="360" src="https://www.youtube.com/embed/CTrDrQRdCC0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-pepe">Promising Alternative To PEPE</h2>
<p><a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Sponge V2</a> builds on its predecessor’s success, innovating the market with unique strategies for transaction fees, liquidity, and staking. It maintains the appealing viral meme coin aspect of its previous iteration, Sponge V1, while going a step further to introduce more token utility.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Did you miss another 100x, anon? 💦<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://t.co/6WSh6BcaMT" rel="noopener noreferrer nofollow">pic.twitter.com/6WSh6BcaMT</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1777637618328498393?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 9, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Sponge V2 plans to add a Play-to-Earn (P2E) racing game, and indications from the team suggest that development has progressed beyond the planning phase.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Don't forget, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>! 🧽💦<a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> is bringing exciting utility through our upcoming <a href="https://twitter.com/hashtag/P2E?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#P2E</a> game! 🔥</p>
 <p>Get ready to earn <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> tokens by playing the game and ranking on the leaderboard.</p>
 <p>Stay tuned for more info! 🚀<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://t.co/5aaLxGz8N1" rel="noopener noreferrer nofollow">pic.twitter.com/5aaLxGz8N1</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1771117138381525404?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h4>Sponge Play-To-Earn</h4>
<p>The Sponge P2E game will offer both free and paid versions. They can play for fun only, or use Sponge V2 tokens to acquire game credits for additional passive earnings. This forthcoming P2E game is anticipated to play a significant role in the token’s expansion, bringing substantial fun to the project.</p>
<p>In addition to the potential of the P2E narrative to drive Sponge V2’s success, the project also includes a staking program. Stakers have an opportunity to enjoy an attractive Annual Percentage Yield (APY) of 163% on Ethereum and 338% on Polygon.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/05/sponge-1.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-518308 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/sponge-1.png" alt="Sponge V2" width="1350" height="410" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/sponge-1.png 1350w, https://insidebitcoins.com/wp-content/uploads/2024/05/sponge-1-300x91.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/sponge-1-1024x311.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/sponge-1-768x233.png 768w" sizes="(max-width: 1350px) 100vw, 1350px"></a></p>
<p>The staking is value-adding, effectively removing the tokens from circulation, and thereby tilting the supply-demand dynamics in favor of demand. Over 9.915 billion tokens have been staked.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Exciting news! There are now over 9.8 Million <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> tokens staked! 🔥🧽<a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/WBt3fCvnZm" rel="noopener noreferrer nofollow">pic.twitter.com/WBt3fCvnZm</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1780884014850531577?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Those who purchase and stake now will receive a special V2 token bonus.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">📘 Visit our website and stake your <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> to be part of V2's TAKEOVER.</p>
 <p>Simple steps to significant rewards!</p>
 <p>GO GO GO! 🧽💦💦<a href="https://twitter.com/hashtag/CryptoStaking?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoStaking</a> <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://t.co/3TF0HZIT9k" rel="noopener noreferrer nofollow">pic.twitter.com/3TF0HZIT9k</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1747921841279094836?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Sponge V2 is now offering a last chance to buy before it launches on top-tier exchanges, so, if you are interested, buy now before it’s too late.</p>
<p><a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Visit Sponge V2 website here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/two-hidden-meme-coins-to-watch-in-2024-new-crypto-gems-with-100x-potential" rel="noopener noreferrer nofollow">Two Hidden Meme Coins to Watch in 2024 – New Crypto Gems With 100x Potential</a></li>
 <li><a href="https://insidebitcoins.com/news/crypto-youtuber-crypto-boy-provides-update-on-sponge-v2-ahead-of-its-upcoming-listing" rel="noopener noreferrer nofollow">Crypto YouTuber Crypto Boy Provides Update on Sponge V2 Ahead of Its Upcoming Listing</a></li>
 <li><a href="https://insidebitcoins.com/news/maximize-portfolio-potential-with-the-top-3-solana-based-meme-coins-for-the-next-bull-run" rel="noopener noreferrer nofollow">Maximize Portfolio Potential with the Top 3 Solana-Based Meme Coins for the Next Bull Run</a></li>
</ul>

Pepe Price Prediction: PEPE Plunges 7% Despite 143 Billion Whale Buy As This 2.0 Meme Coin Aims To 100X Again

Table of Contents

Inside Bitcoins

Other articles published on May 8, 2024

Bitcoin (BTC) Bounces Back: Bear Market Still Dominates Crypto Landscape

Robinhood Stock (HOOD): Profitable Quarter Overshadowed by Wells Notice Impact

This Shiba Inu (SHIB) Pattern Changes Everything, Bitcoin (BTC) Might Come Back at $58,000, Carda...

Mastering Cryptocurrency: 8 Essential Trading Tips for Bitcoin (BTC) and Ethereum (ETH) Newbies

Elon Musk’s Tesla Adds Dogecoin Payments On Its Website, Is X Next?

Coincheck and Thunder Bridge Capital Move Closer to Nasdaq Listing

Join our free newsletter for daily crypto updates!