PEPE, the memecoin that faced a prolonged slump from July 14 to October 3, has recently roared back to life.
It embarked on a fresh bullish rally on October 20, outperforming Shiba Inu (SHIB) and Dogecoin (DOGE) in a big way, despite their earlier dominance in the meme coin space.
This resurgence has caught the attention of the cryptocurrency market, and here's what you need to know.
The primary driver behind PEPE's resurgence is Bitcoin (BTC). Bitcoin surpassed the $35,000 mark, creating a positive ripple effect throughout the market.
This uptrend is largely attributed to the anticipation of a spot Bitcoin exchange-traded fund (ETF) approval, which could potentially inject significant capital into the cryptocurrency space.
A significant development within the PEPE community is the announcement of a record-breaking token burn.
The PEPE development team shared on X (formerly Twitter) that approximately 6.9 trillion $PEPE tokens, equivalent to around $6,000,000, have been burned.
Moreover, the project has brought in new advisors to provide guidance for PEPE's future.
The remaining 3.79 trillion tokens, held in the Centralized Exchange (CEX) multi-sig wallet, are earmarked for strategic partnerships and marketing efforts.
In recent market data, PEPE stands out with an impressive price surge.
The coin is currently valued at US$0.000000930549, with a 24-hour trading volume of $455,035,042.79.
Over the last 24 hours, PEPE has seen a remarkable price increase of 25.83%.
Over the past 7 days, the increase is even more striking at 43.63%.
These numbers have resulted in a market capitalisation of $398,014,904 for PEPE, with a circulating supply of 420 billion tokens.
For perspective, Shiba Inu (SHIB) currently trades at $0.00000739, with a 24-hour trading volume of $314,695,140.13. In the past 24 hours, SHIB has experienced a price increase of 2.72%, and over the past 7 days, it rose by 6.04%.
SHIB's market capitalisation sits at US$4,348,847,496, with a circulating supply of 590 billion SHIB tokens.
On the other hand, Dogecoin (DOGE) is trading at $0.065989, with a 24-hour trading volume of $1,064,277,555.26.
DOGE has seen a 3.02% price increase in the last 24 hours and an 11.02% increase over the past 7 days.
Dogecoin boasts a market capitalisation of US$9,327,269,145, with a circulating supply of 140 billion DOGE tokens.
Amidst the chaotic landscape of meme coins, one project emerges with a bold vision: SCREAM. It endeavours to reshape our perception of meme coins and omit aimless token surfing.
CatherineShiba Inu sees surge in activity with large transfers between hot wallets of major exchanges. Trader activity high, testing critical support at $0.00002188 amid descending trendline and moving average concerns.
EdmundTON and Dogecoin showcase robust growth in the cryptocurrency market, with significant increases in non-empty wallets. TON's meteoric rise, fueled by partnerships and integration with Telegram, places it among the top cryptocurrencies, while Dogecoin's recent bullish trend prompts speculation of a potential surge to $1.
Xu LinElon Musk and Argentina's President Javier Milei meet again, advocating for free-market ideologies and cryptocurrencies. Speculation rises on potential collaborations in the crypto space.
Xu LinMysterious whale withdraws 40.47 billion SHIB tokens ($1.04 million) from Binance. Recipient wallet "0xB4F" previously moved significant SHIB amounts. Timing coincides with SHIB's 20% surge in volatile market. Speculation arises on whale's strategic move amidst bullish sentiment.
Xu LinShiba Inu (SHIB) sees a 165% surge in large transactions within 24 hours, totaling 6.18 trillion SHIB. Monetary volume rises from $82.69 million to $138.2 million, with 241 transactions exceeding $100,000 each. Majority of transactions involve inflows to whale wallets, signaling heightened market activity.
EdmundShibarium's transaction fees skyrocket 500% in 24 hours, driven by soaring network activity. Active accounts surge 211%, raising questions about future scalability and token implications amid market volatility.
Huang BoValour updates VDAB10 ETP basket: Adds Shiba Inu and Toncoin, removes Polkadot and Tron. Reflects market shifts and regulatory compliance. Demonstrates commitment to transparency and innovation in digital asset investment.
Huang BoHODOGE, a new Solana memecoin, set to soar 8,000% after MEXC listing, tapping into the frenzy akin to SHIB and DOGE.
Xu LinElon Musk's transformation of Twitter into the "everything app" X includes integrating cryptocurrency for seamless financial transactions, but faces regulatory challenges in Australia due to content issues, shaping the future of social media and finance.
WeatherlyMassive transfer of 2.6 trillion PEPE tokens from KuCoin sparks investor interest amid market downturn.
Huang BoTwo whales make significant purchases of Pepe (PEPE) coins totaling 560.2 billion, coinciding with an 11% price surge. The transactions, detailed by Spot On Chain, trigger speculation about market implications, with some seeing it as a sign of growing confidence while others remain cautious.
Huang BoCryptocurrency picks for 2024: Bonk thrives on Solana's memes, Retik revolutionizes finance, Pepe brings memes to DeFi, and Shiba Inu aims for meme stardom.
Xu LinDarkfarm's BOME token, inspired by Pepe memes, went viral on Solana, surging over 47x in 24 hours amid artist's massive liquidity provision.
AlexTOKEN2049 Dubai will take place in the Madinat Jumeirah from April 18th-19th 2024, bringing together an estimated 7,500+ attendees from across the globe
BrianPepe Coin's remarkable surge reflects the increasing influence of meme coins in the cryptocurrency domain, driven by speculation, social media buzz, and significant market activities.
Cheng YuanExplore the journey of Pepe the Frog, a meme that transcended online culture to become a valuable cryptocurrency collectible. Discover how Rare Pepe cards, stored on the Bitcoin blockchain, revolutionized the concept of memes by transforming them into tangible digital assets with real-world value.
Cheng YuanWhile some exchanges are keen on embracing crypto and crypto products, others have indicated a more ambivalent outlook
ClementWith the help of the SEC, what once looked like a crypto market trying to pull out of a bearish stretch is now experiencing extreme volatility once again. Concerned investors are on the lookout for new opportunities to make profits.
BitcoinistThe ShibaDoge team is excited to announce the release of the SHIBDOGE token. According to the team, the token was ...
Bitcoinist