Memetic / PepeCoin

Bonk

dogwifhat

On April 24, 2024, the meme coin Pepe (PEPE) experienced a significant surge of 47%, propelling it past Dogwifhat (WIF) to become the third-largest meme coin in terms of market capitalization.According to a post by the on-chain analytics firm Lookonchain on X (previously Twitter), a whale wallet address known as 0x803, associated with rektdolphineth, accumulated a staggering 211.6 billion PEPE tokens, valued at $1.72 million, within the past 24 hours.<h3 id="whale-accumulates-pepe-tokens-driving-upside-momentum">Whale Accumulates PEPE Tokens, Driving Upside Momentum</h3>A notable whale <a href="https://cryptosheadlines.com/big-investor-snaps-up-66-billion-pepe-tokens-in-a-remarkable-3-day-spree/" rel="noopener noreferrer nofollow">investor has been actively accumulating PEPE tokens</a> from various exchanges, both decentralized like Binance and centralized platforms such as Gateio and Uniswap. With an average purchase price of $0.000007291, totaling around $1.54 million, this whale has already garnered a substantial unrealized profit of over $173K, representing an 11% increase in their investment. Lookonchain suggests that this whale may continue accumulating PEPE tokens, further influencing the market.In response to this accumulation, PEPE has seen an impressive 18% increase in value. Moreover, the broader <a href="https://cryptosheadlines.com/potter-and-obama-inspired-meme-coin-surges-28/" rel="noopener noreferrer nofollow">meme coin sector has witnessed a collective surge</a> of over 5%, accompanied by a 40% rise in trading volume. This indicates significant interest from both investors and traders in meme coins.Notably, other <a href="https://cryptosheadlines.com/solana-meme-coin-dogwifhat-wif-surges-56-enters-top-300/" rel="noopener noreferrer nofollow">top meme coins like Dogwifhat (WIF), Floki (FLOKI), and Bonk (BONK)</a> have also experienced substantial upticks, with gains exceeding 20%, 15%, and 30%, respectively. As of the latest update, PEPE is trading near $0.0000079, demonstrating a notable increase in value within the past 24 hours. Over the past week, PEPE has seen a remarkable 50% surge, while its gains over the last 30 days have been more modest at 6%.<a href="https://cryptosheadlines.com/arthur-hayes-bitcoin-beyond-100k-token2049-insights/" rel="noopener noreferrer nofollow">Also Read: Arthur Hayes: Bitcoin Beyond $100K - Token2049 Insights</a><h3 id="pepe-displays-bullish-potential-major-cryptos-lag">PEPE Displays Bullish Potential, Major Cryptos Lag</h3>Expert <a href="https://cryptosheadlines.com/ada-sol-dot-lunc-doge-technical-analysis-for-august/" rel="noopener noreferrer nofollow">technical analysis</a> suggests that PEPE is displaying bullish signals, particularly on the weekly timeframe, where it has broken out of the flag and pole price action pattern. If PEPE closes above $0.0000079 on the weekly chart, there is a strong possibility of a surge exceeding 36%.Meanwhile, leading cryptocurrencies like Bitcoin, Ethereum, and Solana are facing challenges in gaining momentum. Over the past 24 hours, Bitcoin saw a modest 0.6% increase, while Ethereum and Solana experienced slightly better gains of 2.5%.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Meme Coins PEPE- WIF- BONK Surge; Is DOGE Next in Line for a Rally?

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