{"id":539295,"date":"2023-06-23T07:17:48","date_gmt":"2023-06-23T07:17:48","guid":{"rendered":"https:\/\/wncen.com\/?p=539295"},"modified":"2023-06-24T07:31:02","modified_gmt":"2023-06-24T07:31:02","slug":"pepe-bulls-run-wild-with-72-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pepe-bulls-run-wild-with-72-rally\/","title":{"rendered":"PEPE Leapfrogs With 72% Rally – What’s Behind The Surprise Vigor?"},"content":{"rendered":"

Pepe Coin (PEPE), the once-heralded meme coin that rode the waves of exhilarating hype, is making a remarkable comeback after a period of stagnation. <\/span><\/p>\n

As the frenzy surrounding meme coins gradually dissipated, PEPE experienced a significant loss in value, leaving investors and enthusiasts uncertain about its future.\u00a0<\/span><\/p>\n

However, recent data analysis has shed light on a fascinating trend \u2014 the resurrection of PEPE. Notably, the token’s resurgence is not merely a coincidence; it can be attributed to a surge in buying pressure.\u00a0<\/span><\/p>\n

But what does this renewed interest in PEPE mean for its future?<\/span><\/p>\n

Related Reading: AVAX Breaches $13 Barrier With 16% Rally \u2013 What\u2019s The Next Price Level To Watch?<\/a><\/div>\n

PEPE Demonstrates Promising Market Dynamics\u00a0<\/strong><\/h2>\n

PEPE, currently valued at $0.00000155 according to <\/span>CoinGecko<\/span><\/a>, has recently witnessed a moderate 2.3% rally within the past day, indicating a potential shift in its market dynamics. However, the most noteworthy development is the remarkable seven-day surge of 71.9%, suggesting a significant resurgence of interest.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
Analysis of on-chain data reveals a substantial decline in PEPE’s supply on exchanges, while its supply outside of exchanges has increased, illustrating investors’ willingness to acquire the meme coin.\u00a0 <\/span><\/p>\n
According to recent <\/span>PEPE price report<\/span>, his accumulation trend is further supported by the notable increase in the total number of holders over the past few days. The uptrend has also resulted in a surge of positive sentiment surrounding the coin.<\/span><\/p>\n
\n
Whale”0x31f5″ spent 4.54M $USDC<\/a> and 150 $ETH<\/a> ($287K) to buy 3.43T $PEPE<\/a> at $0.000001406 in the past 8 hours.<\/p>\n
The whale made ~$11.47M on $PEPE<\/a> for the first time and lost ~$741K on $PEPE<\/a> for the second time. pic.twitter.com\/SeS8P7jaQ3<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) June 22, 2023<\/a><\/p><\/blockquote>\n
Moreover, a recent <\/span>tweet from Lookonchain<\/span><\/a> indicates that PEPE has been subject to buying pressure. According to the tweet, a whale invested $287,000, equivalent to 4.54 million USDC and 150 ETH, to purchase 3.43 trillion PEPE. Additionally, PEPE’s trading volume has experienced a remarkable surge of over 200% within the last 24 hours.<\/span><\/p>\n
\"\"<\/p>\n
Pepe Coin price movement in the last seven days. Source: Coingecko<\/pre>\n
Challenges For PEPE<\/strong><\/h2>\n
As the meme coin continues to gain momentum with its recent surge and increased investor interest, the question arises: what lies ahead for this digital asset? While the current market dynamics appear promising, it is important to consider the challenges that PEPE may face in the future.<\/span><\/p>\n
Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb<\/a><\/div>\n
Like many cryptocurrencies, meme coins are known for their high volatility and speculative nature. While the recent surge in PEPE’s value is encouraging, it is essential to recognize the inherent risks associated with investing in such assets.\u00a0<\/span><\/p>\n
<\/p>\n
As of today, cryptocurrencies have a total market cap of $1.13 trillion. Chart: TradingView.com<\/a><\/pre>\n
The regulatory landscape surrounding cryptocurrencies is continuously evolving. In light of the US Securities and Exchange Commission\u2019s<\/span> lawsuits against Binance and Coinbase<\/span><\/a>, governments and regulatory bodies are closely monitoring the space, which could lead to potential changes in legislation or stricter regulations. <\/span><\/p>\n
PEPE, like other meme coins, needs to navigate these regulatory challenges effectively to ensure its long-term viability.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>Adobe Stock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Pepe Coin (PEPE), the once-heralded meme coin that rode the waves of exhilarating hype, is making a remarkable comeback after a period of stagnation. As the frenzy surrounding meme coins gradually dissipated, PEPE experienced a significant loss in value, leaving investors and enthusiasts uncertain about its future.\u00a0 However, recent data analysis has shed light on a fascinating trend \u2014 the resurrection of PEPE. Notably, the token’s resurgence is not merely a coincidence; it can be attributed to a surge in buying pressure.\u00a0 But what does this renewed interest in PEPE mean for its future? Related Reading: AVAX Breaches $13 Barrier With 16% Rally \u2013 What\u2019s The Next Price Level To Watch? PEPE Demonstrates Promising Market Dynamics\u00a0 PEPE, currently valued at $0.00000155 according to CoinGecko, has recently witnessed a moderate 2.3% rally within the past day, indicating a potential shift in its market dynamics. However, the most noteworthy development is the remarkable seven-day surge of 71.9%, suggesting a significant resurgence of interest. Source: Coingecko Analysis of on-chain data reveals a substantial decline in PEPE’s supply on exchanges, while its supply outside of exchanges has increased, illustrating investors’ willingness to acquire the meme coin.\u00a0 According to recent PEPE price report, his accumulation trend is further supported by the notable increase in the total number of holders over the past few days. The uptrend has also resulted in a surge of positive sentiment surrounding the coin. Whale”0x31f5″ spent 4.54M $USDC and 150 $ETH ($287K) to buy 3.43T $PEPE at $0.000001406 in the past 8 hours. The whale made ~$11.47M on $PEPE for the first time and lost ~$741K on $PEPE for the second time. pic.twitter.com\/SeS8P7jaQ3 \u2014 Lookonchain (@lookonchain) June 22, 2023 Moreover, a recent tweet from Lookonchain indicates that PEPE has been subject to buying pressure. According to the tweet, a whale invested $287,000, equivalent to 4.54 million USDC and 150 ETH, to purchase 3.43 trillion PEPE. Additionally, PEPE’s trading volume has experienced a remarkable surge of over 200% within the last 24 hours. Pepe Coin price movement in the last seven days. Source: Coingecko Challenges For PEPE As the meme coin continues to gain momentum with its recent surge and increased investor interest, the question arises: what lies ahead for this digital asset? While the current market dynamics appear promising, it is important to consider the challenges that PEPE may face in the future. Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb Like many cryptocurrencies, meme coins are known for their high volatility and speculative nature. While the recent surge in PEPE’s value is encouraging, it is essential to recognize the inherent risks associated with investing in such assets.\u00a0 As of today, cryptocurrencies have a total market cap of $1.13 trillion. Chart: TradingView.com The regulatory landscape surrounding cryptocurrencies is continuously evolving. In light of the US Securities and Exchange Commission\u2019s lawsuits against Binance and Coinbase, governments and regulatory bodies are closely monitoring the space, which could lead to potential changes in legislation or stricter regulations. PEPE, like other meme coins, needs to navigate these regulatory challenges effectively to ensure its long-term viability. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Adobe Stock<\/p>\n","protected":false},"author":557,"featured_media":539302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,13331,8686,83767,88145,4735],"class_list":["post-539295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-crypto-regulation","tag-ethusd","tag-meme-coins","tag-pepe","tag-price-action"],"acf":[],"yoast_head":"\nPEPE Leapfrogs With 72% Rally - What's Behind The Vigor?<\/title>\n<meta name=\"description\" content=\"Pepe Coin (PEPE), the once-heralded meme coin that rode the waves of exhilarating hype, is making a remarkable comeback after a period of stagnation. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Leapfrogs With 72% Rally – What’s Behind The Surprise Vigor?","url":"http:\/\/wncen.com\/news\/pepe-bulls-run-wild-with-72-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/pepe-bulls-run-wild-with-72-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-130.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-130.png?fit=645%2C356"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","crypto regulation","ethusd","meme coins","pepe","price action"],"dateCreated":"2023-06-23T07:17:48Z","datePublished":"2023-06-23T07:17:48Z","dateModified":"2023-06-24T07:31:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE Leapfrogs With 72% Rally – What’s Behind The Surprise Vigor?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/pepe-bulls-run-wild-with-72-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/pepe-bulls-run-wild-with-72-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-130.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-130.png?fit=645%2C356\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"crypto regulation\",\"ethusd\",\"meme coins\",\"pepe\",\"price action\"],\"dateCreated\":\"2023-06-23T07:17:48Z\",\"datePublished\":\"2023-06-23T07:17:48Z\",\"dateModified\":\"2023-06-24T07:31:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-130.png?fit=645%2C356","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=539295"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/539302"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=539295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=539295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=539295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}