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<p><strong>Pepe coin surged nearly 23% today, July 16, following a massive purchase of 141 billion PEPE by the venture capital firm Nascent. On-chain data shows that Nascent bought Pepe coin during its price rise, mainly by exchanging its previous crypto holdings.</strong></p><h2 id="header-0"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/37d235c87d9c48bb81e2209f8178e6e9.png" /><p></p><p>This move has sparked optimism about the future price movements of the frog-themed meme coin. Let’s take a closer look at the current market statistics and what this means for Pepe coin’s price action going forward.</p><h3 id="nascent-s-major-pepe-accumulation-sparks-optimism">Nascent’s Major PEPE Accumulation Sparks Optimism</h3><p>According to on-chain insights from Lookonchain, Nascent swapped its MKR positions for PEPE and LDO tokens today. Specifically, the venture capital firm moved 1,215 MKR, worth $3.41 million, to Binance. In exchange, Nascent acquired 141.23 billion PEPE, worth $1.57 million, and 281K LDO, worth $503K, from the same exchange.</p><p>With this significant accumulation, Nascent now holds a substantial 608.85 billion PEPE, valued at $7.49 million. This large holding highlights the firm’s confidence in the meme coin’s potential for further gains.</p><h2 id="header-2"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p>Pepe coin reached an all-time high of $0.00001718 during this year’s bull cycle. Despite recent market corrections that saw its value drop to as low as $0.000007, the coin has demonstrated remarkable resilience. Today, it gained significant upward momentum, reaching the $0.00001 price level.</p><h3 id="pepe-coin-rallies-23-amidst-nascent-s-major-accumulation">PEPE Coin Rallies 23% Amidst Nascent’s Major Accumulation</h3><p>At press time, PEPE coin surged 23.42%, reaching $0.00001201. Over the past 24 hours, the coin’s price fluctuated between a low of $0.000009399 and a high of $0.00001251.</p><p>This recent upswing aligns with the substantial buying pressure from Nascent. Additionally, derivatives market data from Coinglass indicates a bullish trend for PEPE. The coin’s futures open interest (OI) increased by 23.19% to $144.78 million, and its derivatives trading volume surged by 178.66% to $3.24 billion. This data points to heightened investor interest, reinforcing optimism about PEPE’s future movements.</p><h2 id="header-3"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p>Furthermore, the Relative Strength Index (RSI) is hovering around 58, suggesting market neutrality with a slight bullish trend, which could lead to more potential buying. If this trend continues, PEPE may see further gains.</p><p>Despite the current optimism, crypto market enthusiasts remain vigilant, watching for further shifts given the inherent volatility of the cryptocurrency market.</p><h2 id="header-4"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><strong>Important:</strong> 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.</p><p><strong>#PEPE </strong> <strong>#Pepecoin </strong> <strong>#Memecoins </strong> <strong>#Mt.Gox </strong> <strong>#Kraken </strong> $PEPE</p><p>$BTC  $BNB</p>

VC Purchase Propels Pepe Coin 23% Surge: What’s Next?

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