Pepe

Momentum

NEXT GEN PEPE

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-coin-surges-to-new-all-time-high/" data-wpel-link="internal">PEPE Coin Surges to New All-Time High</a><br></p>
<p style="text-align: justify">On Monday, the popular cryptocurrency witnessed a notable entry, outperforming other altcoins amidst the current <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> consolidation. The leading name in the <a href="https://en.coin-turk.com/memecoins-gain-prominence-in-the-crypto-market/" data-wpel-link="internal">meme token</a> ecosystem, PEPE, saw its price increase by over 15%, reaching an all-time high of $0.00001128.</p> 
<h2 id="pepe-s-upward-momentum">PEPE’s Upward Momentum</h2> 
<p style="text-align: justify"><strong>Pepe Coin</strong>‘s ongoing recovery can be tracked with the support trend line emerging on the daily chart. This dynamic support rose from $0.00000393 to $0.00001096 within a month, recording a gain of 178.85%. This week, with a notable rise in the meme sector, PEPE’s price broke out from the previous all-time high of $0.00001084, reaching a new peak of $0.00001128. However, for a more confirmed prolonged rise, the daily candle may need to close above the broken level.</p> 
<p style="text-align: justify">Meanwhile, the cryptocurrency analytics firm SpotOnChain recently highlighted significant profit-taking activities by whales following PEPE’s record price surge in the crypto market. The first PEPE owner, identified by the 0x647 wallet address, deposited 250 billion PEPE tokens (worth $2.69 million) to Binance. The mentioned investor still holds 42.4 billion PEPE worth $424,000, achieving a substantial profit of $3.96 million, an 8,833% increase from the initial <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investment</a>.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-351354 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/pepe-3.jpg" alt="" width="912" height="451"></p> 
<h2 id="whale-activity-in-pepe">Whale Activity in PEPE</h2> 
<p style="text-align: justify">Another prominent whale, operating under the 0xa4f wallet address, moved 123.7 billion PEPE in exchange for $1.31 million in Coin <strong>(USDC)</strong>, earning a 20.5% profit of $223,000 just three days later. These intense transactions may indicate that cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> anticipate a larger movement or a new correction in PEPE’s price. If the overall supply hinders PEPE from gaining further, the mentioned support trend line could be crucial for buyers to maintain the recovery trend.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pepe-coin-surges-to-new-all-time-high/" data-wpel-link="internal">PEPE Coin Surges to New All-Time High</a></h5>

PEPE Coin Surges to New All-Time High

Table of Contents

COINTURK NEWS

Other articles published on May 14, 2024

Solana’s Outlook is Positive: Next Bullish Spell to Reclaim Levels at $160 During the Next Fortnight

Degen chain network halts production for over 42 hours

Former chief of the U.S. CFTC joins Paxos board of directors

Bitcoin, Ethereum, And Solana: Galaxy Digital CEO Predicts Next Market Movements

Bitcoin Price: BTC To Face $2.7 Billion Liquidation If Price Hits This Level

NiceHash Marks 10th Anniversary with Maribor Bitcoin Event

Join our free newsletter for daily crypto updates!