Pepe Coin

Pepe

Shiba Inu

<ul>
 <li>PEPE Coin marked a significant growth and hit a new ATH.</li>
 <li>A whale made a profit of $13.67M and still holds 1.26T Pepe coins.</li>
</ul>
Frog-themed memecoin PEPE had remarkable growth this week and soared over 30%, hitting a new&nbsp; <a href="https://thenewscrypto.com/is-pepes-new-ath-high-record-a-sign-of-memecoin-revival/" target="_blank" rel="noopener noreferrer nofollow">all-time high</a> yesterday at $0.00001128. It gained immense attention as the price surged almost by 109% in the past month and 901% in the past 6 months. Investors and analysts are looking confidently at the meme coin, which has now set high targets.
Meme coins have been in a bearish trend for a long time, and fortunately, yesterday, Pepe made a good move with a price surge in double-digit gains. This unforeseen rise raises expectations for the coin’s value in the coming days.&nbsp;
Moreover, <a href="https://twitter.com/spotonchain/status/1790573728306434360" rel="noopener noreferrer nofollow">whales</a> are making good returns out of it; a whale made $13.67 million profit from PEPE in just three months and out of that, it spent around $1.56 million to buy 1.40T Pepe. Around 14 hours ago, the whale sold 140.4B PEPE for 1.57M DAI at the new all-time high of PEPE. Despite the massive sale, the whale still holds 1.26T Pepe coins worth $13.7 million.
Since March, Pepe Coin has been struggling to surpass the <a href="https://thenewscrypto.com/pepe-pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">resistance level</a> of $0.00000900. However, the coin’s price has been on an uptrend since mid-April.
At the time of writing, it is valued at $0.00001103, an increase of 6.75% in a day. Pepe Coin has made a significant surge in trading volume as well, and that has developed investor interest and market engagement with the meme coin.
<h3 class="wp-block-heading" id="h-does-the-re-entry-direct-the-surge">Does the Re-entry Direct the Surge ?</h3>
Pepe’s performance aligned with the <a href="https://twitter.com/TheRoaringKitty/status/1790034263603139012" target="_blank" rel="noopener noreferrer nofollow">return of Keith Gill</a>, known as the “Roaring Kitty,” which was dormant in the meme coin sector since June 2021 and re-entered on May 13, 2024. Furthermore, it ignited the meme coin market with the PEPE becoming one of the beneficiaries.&nbsp;
The reappearance of Roaring Kitty likely led to the meme coin rally, with Solana-based GameStop memecoin (GME) surging over 350% and the AMC token witnessing a 900% increase. Other meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced gains, according to CoinGecko data.&nbsp;
Highlighted crypto news today:&nbsp;
<a href="https://thenewscrypto.com/el-salvador-mines-29-million-in-bitcoin-with-volcano-energy/" target="_blank" rel="noopener noreferrer nofollow">El Salvador Mines $29 Million in Bitcoin with Volcano Energy</a>

PEPE Bursts to All-Time High After a Long-Term Bearish Trend

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