Some of the biggest gainers over the past several days have been meme coins.
The broader cryptocurrency market has signaled its first revival signs of the year after the painful Q4, 2025, in which many assets posted double-digit declines, pushing analysts to question the overall industry state.
Interestingly, the biggest gainers since Friday come from the meme coin niche, which could signal a significant change in investor behavior.
Data from CoinGecko shows that BONK has emerged as the top performer in the past 24 hours. The asset has returned to the top 100 alts by market cap after suring by 40% daily and more than 60% since this time last Sunday.
PEPE follows suit. The frog-shaped meme coin is up by 13% daily and more than 66% weekly. Shiba Inu is also well in the green on both charts, 11% and 21%, respectively.
Dogecoin became the biggest gainer from the larger-cap alts. The OG meme coin has surged by 6% since yesterday and 23% weekly. The Official Trump (TRUMP) token has performed even better today (a 7% surge), perhaps due to the most recent actions undertaken by the US President.
In a statement to CryptoPotato, Jake Kennis, Senior Research Analyst at Nansen, said this early-year rotation into larger-cap meme coins may suggest “traders are positioning for upside after months of consolidation.” He added that these more speculative assets have been some of the hardest hit during the October crash in terms of downside volatility.
“Markets may have been extremely bearish on memes based on price action and the risk appetite not being there,” he added.
However, Kennis admitted that the meme coins have been trending down relative to bitcoin, and these brief upticks would “have to be confirmed on higher timeframes as both PEPE and DOGE are still down around 80% from their respective ATHs.”
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Check out why PEPE’s bulls may take another major blow soon.
PEPE – the frog-themed meme coin, which was among the crypto sensations towards the end of last year – has been spiraling downward in the past several months.
According to some well-known analysts, its condition may even worsen in the near future, and its price could collapse by double digits.
Bigger Crash on the Horizon?
Pepe (PEPE) currently trades at roughly $0.000004478 (per CoinGecko’s data), meaning a 37% decline on a monthly scale. Its market capitalization has fallen well below $2 billion, making it the fourth-biggest meme coin.
PEPE Price, Source: CoinGecko
X user Ali Martinez paid special attention to the asset, claiming it has potentially broken out of “a head and shoulders” pattern on November 3. The analyst believes this development, combined with increased volatility, could result in a price drop to $0.0000015, or a 60% plunge from the current level.
PEPE’s recent exchange netflow supports the bearish scenario presented by Martinez. Over the last several days, inflows have surpassed outflows, suggesting that some investors have transferred funds from self-custody methods toward centralized platforms. This may have a negative impact on the price in the short term since it is typically seen as a pre-sale step.
PEPE Exchange Netflow, Source: CoinGlass
Time for a Reversal?
Contrary to Martinez’s pessimistic view, other market observers believe PEPE might be gearing up for a renewed rally. X user Galaxy said the meme coin still “looks good” at its current market cap below $2 billion, whereas The Moon Show thinks a breakout to as high as $0.00000550 could be on the way.
For their part, Captain Pepe envisioned an explosion to a new all-time high “before you know it,” without providing any specific details to support the prediction.
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PEPE reached its historic peak in December 2024, when its valuation shot to approximately $0.00002803, while its market capitalization briefly exceeded $11 billion. Currently, the price is trading 84% below that mark.
It is important to note that its impressive surge towards the end of last year coincided with an overall hype surrounding the entire meme coin sector. Over the past several months, that frenzy has dissipated.
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After a total liquidation, James Wynn reopened a 10x PEPE long, only to face another wipeout just hours later.
Pseudonymous high-leverage crypto trader James Wynn has gained widespread notoriety for his volatile fortune, repeatedly making and losing hundreds of millions through leveraged bets on crypto perpetual futures markets.
Market chaos appears to have struck him again as Wynn’s fresh PEPE bet collapses within hours, extending a brutal streak of crypto liquidations.
Risky PEPE Bet Ends in More Liquidations
In its latest tweet, on-chain analytics platform Lookonchain reported that Wynn suffered a complete liquidation during the recent market dip, which also partially liquidated fellow trader “Machi Big Brother,” who has now lost over $53 million on Hyperliquid in the past month.
Despite the setback, Wynn reopened a 10x long position on meme token PEPE shortly afterward, only to face another partial liquidation less than six hours later. The rapid sequence of losses comes amid turbulent market conditions and a massive decline in the prices of both top crypto assets as well as meme coins.
Following the third liquidation, Lookonchain tweeted,
“Once again! Both James Wynn and Machi Big Brother got liquidated in the latest market crash! These two are like brothers in arms – never giving up on their longs, yet always getting wiped out.”
Controversy Over Insider Activity
Blockchain analytics firm Bubblemap recently revealed that Wynn’s meme coin venture, YEPE, may be following a familiar and troubling pattern. Once hailed for turning a modest $7,000 PEPE bet into millions, Wynn’s trading history has once again come under scrutiny for potential insider activity. According to Bubblemap’s analysis, nearly 60% of YEPE’s supply is concentrated among insiders, many of whom operate wallets funded through the same centralized exchanges such as LBank, KuCoin, and MEXC. This looked like a coordinated accumulation effort.
The report further claimed that the trader’s coin promotions are typically accompanied by influencer-driven hype cycles and engineered to attract retail demand while insiders quietly offload their holdings.
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Even as Wynn remains one of crypto’s most controversial figures and has attracted accusations of manipulation, he continues to receive public endorsements from major industry players. Critics warn that such backing may normalize insider-dominated markets and allow manufactured momentum to masquerade as organic community growth.
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A whale has just made headlines across the crypto X community after making the largest PEPE purchase on Kraken ever.
However, declining user activity, major investors selling off, and the influence of whales suggest it could be setting up for a risky pump-and-dump rather than a genuine bull run.
Whale Scoops Up $16M in PEPE
On-chain analytics platform Lookonchain identified the buy, revealing that a newly created wallet had acquired more than 1.52 trillion PEPE tokens worth almost $16 million from Kraken. X user bike4sai shared that it is an institutional-scale purchase on a major exchange and ranks among the largest single transactions in the token’s history.
Community chatter suggests that this could be the spark that finally sends PEPE to the moon. Analysts are pointing to what they call a “falling wedge” pattern on the coin’s chart, a technical setup that often leads to big price jumps.
This is also occurring against a backdrop of a broader meme coin revival, with social media sentiment having flipped positively. September has seen renewed interest in coins like PEPE and Little Pepe due to presale momentum.
Crypto influencers are throwing around some crazy price targets, ranging from modest 2x or 3x gains to speculative 100x moves that would put PEPE right up there with the big dogs.
Something Doesn’t Add Up
While most people are getting excited about this whale buy, some red flags are popping up. Third-party data shows user activity is declining, with smart money and public figure investors dumping their tokens. That’s not what you typically see during a real bull run. Big whales are buying, but regular investors aren’t jumping in, which is a recipe for disaster.
When a few large players control the market, sudden swings are always a risk. Past meme coin cycles have shown the pattern clearly: whales buy in, retail traders rush to follow, and then whales sell off, leaving smaller investors with losses. The current situation around PEPE has similarities.
This record-breaking purchase on Kraken may not signal the start of a bull run. Instead, it could be positioning for a pump-and-dump, with the whale using hype to attract interest before selling into the momentum.
Typically, major investors avoid moves that attract this much attention. Only time will tell if this Kraken whale has genuinely started the next major PEPE rally, or if retail investors are about to learn another painful and costly lesson about following whale moves blindly.
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The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit.
Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat.
The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in profit, thereby demonstrating its continued dominance in the market despite the launch of a flurry of different types of tokens in recent years.
Next in line is Ethereum (ETH), which has 83.19% of its holders in profit, reflecting its strong performance, which could be further boosted by the potential introduction of spot Ethereum ETF after the US Securities and Exchange Commission (SEC) greenlighted the applications of several issuers.
Meme coins have led massive rallies this year, so it is no surprise that these tokens have captured a huge chunk of the chart. In the lead are Pepe (PEPE) and Floki (FLOKI), with 80.57% and 76.85% in profits, respectively.
Meanwhile, the OG meme coin, Dogecoin (DOGE), and the newly launched Jasmycoin (JASMY) trailed closely behind, with investors sitting at 74.99% and 72.18% profits, respectively.
Besides the meme coins, other popular cryptocurrencies with a high percentage of holders in profit include Tron (TRX), Ondo (ONDO), Maker (MKR), and Bitcoin Cash (BCH), with profits of 82.07%, 75.61%, 75.45%, and 72.54%, respectively.
“This suggests that substantial profits are concentrated in large-caps and memecoins, while other altcoins are still awaiting their breakthrough moment.”
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Pepe the Frog, once an internet darling turned controversial meme, is making a splashy comeback – this time, in the world of cryptocurrency. PEPE, the memecoin inspired by the amphibian, has seen a meteoric rise in 2024, leaving established giants Dogecoin and Shiba Inu in its dust.
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From Feels To FOMO: PEPE’s Outperformance
PEPE recently shattered its all-time high, reaching a dizzying $0.000014. This impressive feat comes alongside a staggering 900% year-to-date growth, dwarfing the gains of Dogecoin (DOGE) and Shiba Inu (SHIB) This outperformance has crypto investors buzzing, with many questioning if PEPE can dethrone the reigning memecoin monarchs.
Analysts point to a potential shift in investor sentiment. While DOGE and SHIB boast larger ecosystems and dedicated communities, their massive market caps limit their potential for explosive growth. PEPE, on the other hand, sits comfortably in the “mid-range memecoin” category, offering investors the allure of high returns without the baggage of a bloated market cap.
Can PEPE Maintain Its Momentum?
PEPE’s recent price surge is backed by some compelling technical indicators. The Bollinger Band analysis suggests bulls remain in control, with PEPE hovering above its key support level. This, coupled with the potential approval of Ethereum ETFs, could fuel another buying frenzy, propelling the coin towards its predicted target of $0.000020.
Total crypto market cap at $2.5 trillion on the daily chart: TradingView.com
However, experts caution against blind optimism. Memecoins are notorious for their wild price swings, and PEPE is no exception. A market correction or negative regulatory decisions could easily send PEPE tumbling. Additionally, unlike DOGE and SHIB, PEPE currently lacks a clear roadmap for utility beyond simply being a memecoin. This raises concerns about its long-term sustainability.
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Is It A Worthy Investment?
While Pepecoin’s recent surge is undeniably impressive, the road ahead remains uncertain. Investors considering jumping on the memecoin bandwagon should be prepared for a bumpy ride.
Pepe Coin price forecast based on technical analysis. Source: CoinCodex
According to latest data, there is a bullish general mood for the coin price prediction, with 86% technical analysis indicators indicating optimistic signs and 14% indicating bearish indications.
While technical indicators suggest a bullish trend for the memecoin, with high investor interest and recent price gains, some caution is advised. The extreme greed reading on the Fear & Greed Index hints at a potentially overheated market.
Featured image from Eric Keller, chart from TradingView
The cryptocurrency market may be experiencing a cool down, but one meme coin is refusing to catch a cold. PEPE, a token emblazoned with the internet’s famous frog, has defied recent bearish trends with a surge in price and trading activity. This resilience has fueled speculation of a potential “bullish breakout” in the coming days, with some analysts predicting astronomical gains.
PEPE Weathers The Storm
While Bitcoin and Ethereum have taken a breather in recent weeks, PEPE has exhibited surprising strength. Unlike its more established counterparts, PEPE hasn’t succumbed to the broader market chill. In fact, the meme coin has managed to inch up slightly this week and even enjoyed a nearly 10% price jump in the last 24 hours. This resilience has captured the attention of investors and analysts alike.
PEPE price action in the last 24 hours. Source: Coingecko
Trading Frenzy: PEPE Ignites Investor Interest
The newfound bullishness surrounding PEPE is further bolstered by a surge in trading activity. The coin boasts a 24-hour trading volume exceeding a staggering $1.26 billion, placing it firmly in the spotlight. Additionally, PEPE’s market capitalization currently sits at a healthy $3.23 billion, a testament to its growing presence within the crypto landscape.
Technical Analysis Paints A Bullish Picture
Adding fuel to the fire, crypto analyst World Of Charts has identified a bullish flag pattern in PEPE’s recent price action. This technical indicator often precedes a price breakout, suggesting that PEPE might be on the cusp of a significant upward trajectory.
$Pepe#PEPE On Verge Of Another Breakout Formed Bullish Flag & Testing Its Upper Resistance Incase Of Breakout Expecting Another 80-90% Bullish Wave In Coming Days#Cryptopic.twitter.com/f2jtxpOIp3
World Of Charts predicts a potential price surge of 80-90% in the coming days if the coin manages to break free from its current resistance level.
Meme Coin Frenzy: A Double-Edged Sword?
Despite the optimistic outlook, a cloud of caution hangs over PEPE’s future. The coin falls under the category of meme coins, a notorious sector within the cryptocurrency market known for its volatility and often lacking strong fundamental backing.
Total crypto market cap currently at $2.2 trillion. Chart: TradingView
Unlike established projects with real-world applications, meme coins often rely on community hype and internet trends to propel their value. This can lead to sharp price spikes followed by equally dramatic crashes.
While the prospect of an 80-90% return on investment is undeniably enticing, experts urge potential investors to approach PEPE with a dose of healthy skepticism. The analyst prediction, while optimistic, should not be taken as financial gospel. The cryptocurrency market, especially the meme coin segment, is inherently unpredictable.
Featured image from Pexels, chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Bitcoin (BTC) and Solana (SOL) were two of the leading assets impacted by last week’s crypto market downturn. Meanwhile, Pepe (PEPE) experienced a steeper price drop.
This price crash reverberated throughout the entire cryptocurrency market, with the global crypto market cap losing over $280 billion over the last seven days in a massive 10% drop to $2.32 trillion at the time of writing.
Here is an overview of how some of the most impacted cryptocurrencies performed over the week:
BTC, SOL and PEPE prices – April 14 | Source: Santiment
BTC slips to 1-month low
Interestingly, Bitcoin began the week favorably, attempting to build on the momentum it recorded from April 3 to 7 last week. The premier crypto asset reclaimed the $70,000 threshold on April 8 for the first time in over a week, surpassing the $72,000 and closing the day with an impressive 3.25% increase.
However, the bears took control of the scene the following day, pushing BTC below the $70,000 mark and triggering a 3.45% loss, essentially erasing the gains recorded on Monday. The hotter-than-expected U.S. inflation data exacerbated the downward spiral. Bitcoin mustered a comeback when it dropped to the $68,318 support at the 21-day EMA.
A resurgence of strength saw Bitcoin recover the $71,000 zone, but the resistance that ensued hedged against any further rally. The rest of the week was marred by a consistent price decline, as tensions surrounding the looming Iran-Israel conflict contributed to the bearish pressure.
Bitcoin saw three consecutive days of declines from April 11 to 13, culminating in a shocking crash to a one-month low of $61,596 on April 13. Despite recovering from this floor, BTC remains in a downtrend, down 8% over the past two days as it struggles to reclaim and retain the $65,000 territory.
SOL breaks below 50-day EMA
Solana’s start to the week was not as significant as Bitcoin’s, but its subsequent price decline was much steeper. Despite only seeing a modest 0.67% rise on April 8 as BTC led the market to a short-term recovery, SOL crashed 4.63% the following day when BTC triggered a downtrend.
Similarly, its April 10 recovery only saw a 0.56% increase, with the rest of the week introducing one of the biggest price slumps for Solana this year. From April 11 to 13, Solana recorded a discouraging 21.19% drop, giving up the Fibonacci support levels at 0.618 ($171.09), 0.5 ($161.11) and 0.382 (151.14) in the process.
More significantly, Solana’s three-day downward spiral resulted in a collapse below the crucial 50-day EMA stationed at $162.30 as of April 12. SOL closed below this level for two consecutive days. The last time the asset witnessed this event was in September 2023.
Solana has also relinquished the psychological supports at $150 and $140, trading for $139.94 at the reporting time. The cryptocurrency is down 24% this week, having lost $19 billion from its market cap since April 8.
PEPE CCI drops to 9-month low
Pepe did not escape the bloodbath recorded in the broader market this week.
The frog-themed meme coin eventually dropped to a one-month low below the $0.000004 support. Its gains at the start of the week surpassed Bitcoin’s, but so did its losses — a testament to the heightened volatility in the meme coin market.
The meme coin surged 4.30% on April 8, reaching a high of $0.00000796, before it eventually dropped 9.28%, giving up not just the Monday gains, but most of the value it picked up last week.
After two days of a mild recovery push, Pepe saw a more substantial 19% intraday drop on April 12. This collapse marked its largest intraday decline in nearly a year (the last time Pepe saw such a price crash was when it dropped 30.47% on May 8, 2023, shortly after its launch).
Following the 19% collapse on April 12, Pepe slumped by another 14.86% the next day.
Despite a mild price increase today, Pepe still trades below $0.000006, changing hands at $0.00000525. The meme coin has dropped 29% this week, with its commodity channel index (CCI) crashing to -245, the lowest value in nine months.
Such a dramatically low CCI suggests that Pepe is largely undervalued, with ample room for growth. The last time the asset’s CCI hit this level, it witnessed three more months of consistent declines, dropping to a low of $0.00000061 on Oct. 19, 2023, before it eventually recovered.
Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin.
Pepe (PEPE) futures trading on Coinbase International and Coinbase Advanced platform will be available from April 18.
“Coinbase International Exchange will list PEPE perps on Coinbase International and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.”
Coinbase announcement
Amid the news, PEPE’s value reacted with an immediate rise of nearly 10%, according to CoinMarketCap. PEPE showed a 6.5% gain over the previous 24 hours, reaching $0.0000074.
24-hour chart of PEPE from CoinMarketCap
Previously, Coinbasehad reservations about listing PEPE, citing its association with controversial hate symbols. However, the decision to list PEPE futures indicates a shift, likely influenced by market demand and the meme coin trend.
PEPE is the fourth largest meme coin by market capitalization, valued at $3 billion. The market’s enthusiasm for meme coins and PEPE’s prominence as a leading Ethereum (ETH) token likely influenced Coinbase’s decision to explore futures trading for PEPE.
PEPE’s value surged 350% in a week at the beginning of March, making it the third-largest meme coin by market capitalization with a 600% monthly increase. The meme coin’s current momentum, marked by significant withdrawals and investments, underscores a widespread “Extreme Greed” sentiment among its investors.
Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth.
BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after hitting a new ATH over the weekend, which prompted whales to take profit on their bags.
Whale Makes Big Profits After Price Surge
After its launch in April of last year, the frog-themed coin shook the crypto space and the memecoin market, becoming one of the most recognizable memecoins in the sphere.
Despite the big start, PEPE’s price started fading as the market turned its eyes to competitors like BONK and other Solana-based memecoins. However, the bull run has propelled the market prices to heights unseen since 2022, and PEPE has taken advantage of the bullish momentum.
As reported by the blockchain analytics platform Lookonchain, a whale made over 431% in profits in just two weeks. The address shows that the trader withdrew over 1 trillion PEPE tokens from Binance in three transactions before the price skyrocketed.
In just 2 weeks, this trader made $8.13M(+431%) on $PEPE!
This trader deposited 196.18B $PEPE($1.7M) to #Binance for profits 4 hours ago, with 1T $PEPE($8.31M) left.
The first transaction of 713.12 billion PEPE was made 15 days ago when it was trading at around $0.00000138. The second withdrawal, about 316.36 billion tokens, was done a day later when the token price was $0.00000180. Finally, the trader withdrew 116.7 billion tokens one more time when the price was hovering around $0.00000269.
Lookonchain said these withdrawals accounted for 1.19 trillion PEPE tokens, which cost about $1.88 million. Yesterday, the whale deposited 196.18 billion tokens back to Binance for profits of $1.7 million.
The address still has 1 trillion PEPE left, worth around $8.13M at the time of the report. At the time of writing, these holdings had increased by over $1 million and were worth $9.13 million.
As reported by NewsBTC, whales have profited from their PEPE holdings since the memecoin started its resurgence in late February.
PEPE’s Massive 800% Surge
Despite the volatile crypto market and whales selling large amounts of PEPE, its community seemingly feels confident in the frog-theme coin and considers it THE memecoin of this bull run.
$PEPE will surprise everyone like $DOGE did in 2021. After the first Dogecoin pump in 2021, some people regretted not buying. Don’t make the same mistake in 2024 with $PEPE. This is THE meme coin of this bullrun. pic.twitter.com/lUq213XwFQ
Since the memecoin interest surged, Pepe coin has tagged along and shown massive growth. In the last 14 days, the token has registered a staggering 549% price. Even more impressively, the price has risen 799.5% in the past month.
The token has climbed to the top of the memecoin ranking after flipping tokens like BONK and CorgiAI. PEPE now sits as the third largest memecoin with a market capitalization of $3.85 billion, an 8.41% increase in the last 24 hours.
Similarly, its daily trading volume has increased by 16.85% to $1.49 billion, suggesting that market activity and interest in the memecoin have surged in the last day.
At writing time, PEPE is trading at $0,000009135. This represents an 8.5% rise in 24 hours and a 5.95% decrease from its ATH of $0,000009793, registered two days ago.
PEPE price performance in the 5-day chart. Source: PEPEUSDT on Tradingview.com
Featured image from X.com, Chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
PORK, a pink Pepe-The-Frog-themed memecoin spin-off of PEPE, surged over 450% in less than two days.
At a $200 million market capitalization hours following its debut, PepeFork (PORK) sat above Baby Doge Coin as the ninth largest memecoin in crypto. FORK launched on Uniswap in a pool paired with wrapped Ether (WETH) and is also tradable on MEXC.
PORK is an offshoot crypto from some in the community around viral Ethereum-based meme token PEPE, the fifth largest memecoin at a $380 million market cap. PEPE was a main character during the meme frenzy in the first half of 2023, where crypto speculators turned into overnight millionaires from a few bucks in initial capital.
The period was also awash with streams of rug pulls and scam tokens as some traders chased 100 to 1,000 times returns on these altcoins.
PepeFork market cap | Source: dexscreener
According to Dexscreener and Etherscan, PORK has a 420 trillion supply; the top 10 holders command over 15% of that number. All of these 10 addresses were no more than two days old when they received PORK tokens, and they all held $30 to $200 in ETH, possibly for gas fees and on-chain swaps.
These new wallets exclusively owned PORK and ETH coins at press time. The deployer wallet also holds over 20% of the supply. The wallets showed at least $70 million in value and unrealized gains.
PORK top holders | Source: Etherscan
Members of the PEPE community threw aspersions on the new memecoin, predominantly promoted by a pseudonymous crypto participant known as Pauly0x. PEPE backers accused the figure of operating Ponzi schemes and spinning hollow cryptocurrencies out of hot narratives for profit.
Pauly takes the most popular thing in crypto, makes it about himself, launches a derivative project, using ponzi liquidity mechanisms to create hype. And every time, it dies with a whimper.
Pauly0x alleges that PEPE developers are the true scammers and that his project is a legitimate effort as part of the Pond ecosystem. Pond is another defi idea founded by Pauly0x and several other cryptocurrencies. Some cryptos have seemingly crashed and traded for pennies on decentralized exchanges.
It remains to be seen if PORK will outshine its predecessor PEPE and become a top three memecoin, boasting liquidity and a thriving ecosystem supported by meme culture. The token has around $12 million in unlocked liquidity with a $202 million fully diluted valuation.
Cautioned is advised when trading memecoins as these tokens may face massive volatility and sharp price movements, or devs may withdraw liquidity.
CorgiAI has recently overtaken PEPE to become the fourth-largest meme coin, with the token’s value surging by approximately 11% within a week.
The rise comes amid a broader increase in the meme coin market capitalization, which has grown by 3% today, outpacing the overall cryptocurrency market’s growth of 1%. CorgiAI is a meme coin that operates on the Cronos blockchain, fusing the nature of meme coins with artificial intelligence.
The coin has been devised to support various AI-related activities, including creating and trading AI-based crafts and NFTs and offering a platform for AI-related job opportunities. With a total supply of 500 billion tokens, CorgiAI emphasizes community participation and creative exploration in the growing AI sector.
Dogwifhat, another new token launched in December, has surpassed FLOKI, positioning itself as the sixth-largest meme token. Dogwifhat (WIF) has demonstrated impressive growth, appreciating over 65% since its inception and 34% in the past week alone. Newly launched Solana-based meme coins have shown impressive growth throughout 2023. BONK, launched in December 2022, has recorded a 1,157% growth in the past year.
Struggling to make significant upward strides, the PEPE price might touch $0.0000020 in the next few weeks, grappling with the challenge of surpassing this particular threshold.
Predicting the long-term trajectory remains elusive; achieving the $1 mark for PEPE requires an extraordinary surge from its present level, a feat that would position PEPE among the most lucrative meme coins in history.
Meme tokens, lacking robust fundamentals and utility, consistently face the looming threat of being overshadowed by newer, trendier counterparts.
Hence, while a modest increase to $0.0000020 in the near future appears plausible, surging beyond this may prove to be a formidable hurdle for the PEPE price.
Mastering Timing In Meme Token Investments
Investors are cautioned to tread carefully, as meme tokens like PEPE are prone to significant acquisitions by large investors, followed by subsequent dumping. Despite PEPE’s overall growth potential, substantial downturns are anticipated to be a recurring pattern.
Recognizing the pivotal role that timing plays in the realm of cryptocurrency investments, it becomes evident that the significance of choosing the opportune moment cannot be emphasized enough.
PEPEUSD currently trading at $0.000002 territory on the daily chart: TradingView.com
The dynamic and often unpredictable nature of the crypto markets amplifies the impact of timing on investment outcomes, presenting a delicate balance between seizing potential opportunities and navigating potential risks.
Meanwhile, data from Santiment sheds light on a significant milestone in the world of cryptocurrency. Specifically, the number of distinct addresses engaged in PEPE transfers has surged to an unprecedented all-time high, maintaining this elevated status for an impressive 25 consecutive days.
This surge in unique addresses participating in PEPE transfers not only underscores a heightened level of activity but also suggests a sustained and robust interest in the PEPE cryptocurrency ecosystem.
On another positive note, PEPE’s chart currently exudes strength, with indicators hinting at imminent gains. The convergence of PEPE’s 30-day moving average and its 200-day average is on the horizon, potentially signaling a ‘golden cross,’ a phenomenon often associated with breakouts.
Simultaneously, the Relative Strength Index (RSI) for PEPE hovers near 70, indicating sustained buying pressure that is likely to propel the altcoin’s value upward in the coming days.
Supporting this optimistic perspective is the consistent elevation in trading volume, a clear indication that significant market players are actively accumulating PEPE.
This heightened trading activity suggests a palpable anticipation among major investors, as they position themselves strategically to capitalize on anticipated future price surges.
Despite a recent indication of sluggishness, PEPE remains resilient, boasting a 46% increase over the past week and a solid 20% rise over the last four weeks.
PEPE price action in the last 24-hours. Source: Coingecko
People were shocked when PEPE reached a market cap of $1 billion only one month after it came out. During this time, the meme coin rose to its all-time high of $0.000004354. Because of this, it became famous and was added to well-known cryptocurrency exchanges like Binance.
Today, with a market cap surpassing $670 million, PEPE continues to attract attention, and its 24-hour trading volume, nearing $400 million, indicates the potential for further rallies in the days to come.
As PEPE demonstrates notable gains, the prospect of reaching the $1 jackpot adds an element of anticipation.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
The crypto market is seeing a new rally in memcoins. The CorgiAI (CORGIAI) token has grown 600% last week.
CorgiAI is a web3 project that harnesses the limitless potential of artificial intelligence to transform the way crypto interacts and communicates.
The general rise of the meme coin market also fueled interest in CORGIAI. Over the past week, the coin has gained 563%. Amid the excitement, the token’s market capitalization increased to $193.3m.
The announcement of the cryptocurrency exchange Crypto.com also strengthened CORGIAI’s position. The cryptocurrency platform has revealed a new promotion featuring a coin with a $5,000 prize pool. The 1,000 users with the highest CORGIAI net buys will win $5 of CORGIAI each.
Contrary to the expectations of the cryptocurrency community that the hype around meme coins would fade over time, leading to a loss of income, it turned out that instead of fading away, meme coins are returning to the scene, but now with qualitatively new areas of their application. Along with CORGIAI, growth was recorded by Memecoin (MEME) and Pepe (PEPE).
This past week saw a diverse set of tokens participating in an upswing, and the meme coin Pepe (PEPE) was the star of the show.
In the wake of the recent crypto market turbulence, spurred by speculation about Bitcoin spot ETF acceptance, PEPE has made waves with its announcement of burning more than $5.5 million worth of tokens.
This move led to a significant 30% price hike in a single day, propelling PEPE to its peak in two months. The growth, set against the backdrop of potential Bitcoin spot ETF approval, marks a significant increase in PEPE’s value and indicates a potential rebound in the altcoin sector.
According to crypto market monitor CoinGecko, over the previous week, the price of PEPE surged by a remarkable 56.5%. However, its current price of $0.00000115 signifies a 3.5% decrease as of now.
PEPE 7-day price chart | Source: CoinGecko
The triumph of PEPE mirrors the burgeoning influence of meme-based cryptocurrencies, which largely thrive on internet communities and social media interaction.
The buzz around these coins is fueled by several factors like trending social movements, speculative trades, and the lure of quick, albeit uncertain, returns on investment.
The past week has reignited the excitement in the crypto market, with a diverse mix of coins leading the way for gains. Meme coins like Floki Inu (FLOKI) and Pepe capitalized on hype and speculation, with the onset of crypto spring attracting retail investors back to the market.
Meanwhile, platforms like the Mina protocol (MINA) and Injective (INJ), and THORChain scored gains due to project advancements and adoption milestones, and gaming tokens like Gala continued to surge as blockchain-based games continue to draw attention.
Floki Inu saw an 85% increase. As a whole, the top 10 crypto gainers of the week all experienced double-figure returns, outdoing the larger market.
MINA, one of the few larger market cap cryptos, enjoyed a 60% jump to $0.61986, bolstered by an uptick in development activity and increased adoption.
Injective, a decentralized exchange protocol created for decentralized finance applications, experienced a 56.02% rally over the past week, reaching $13.355. Chainlink (LINK), the oracle network, saw a 44.66% increase this week, hitting an impressive $11.04.
It’s worth noting that the extreme price volatility and speculative nature of meme coins can lead to unforeseen price swings and potential risk for investors.
Amidst the crypto market’s recent surge propelled by rumors of the Bitcoin Spot ETF approval, PEPE, a noteworthy altcoin, made a strong move by announcing the burning of over $5.5 million worth of its PEPE tokens.
This smart decision resulted in a remarkable 30% surge within just 24 hours, propelling the value of PEPE to a two-month high. The surge in the crypto market triggered by the potential Bitcoin Spot ETF approval provided the perfect backdrop for PEPE’s strategic action, marking a significant upward shift in its value and indicating a resurgence in the altcoin space.
PEPE’s Impressive Market Performance
Recent data from crypto market tracker Coingecko highlights the impressive market performance of Pepe Coin. In the past week, the price of the meme coin has demonstrated an outstanding 61% surge, currently resting at $0.000001207, which marked a 0.84% gain at the time of this writing.
A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL
This sustained upward trajectory not only underscores the coin’s resilience but also positions it as a significant player in the volatile crypto market, showcasing remarkable growth over a short period.
Anticipations in the market for Pepe Coin suggest an imminent test of buyers’ resolve around the support level. Observers foresee a scenario where a substantial influx of aggressive purchases during a price dip could trigger a strong rebound for the Pepe coin.
If this support indeed materializes, the coin is poised to potentially surge beyond the $0.0000019 mark. This projection not only signifies an opportunity for market momentum but also points to a critical juncture that could shape the near-future trajectory of Pepe’s value.
The fervor surrounding Pepe, the memecoin sensation, intensified as the cryptocurrency surged an impressive 38% following the much-anticipated release of its latest updates. Notably, Pepe Coin unveiled a fresh team of advisors, marking a pivotal strategic move aimed at shaping the coin’s future trajectory.
Total crypto market cap currently at $1.2 trillion. Chart: TradingView.com
Amidst a week of substantial fluctuations in the crypto market, the spotlight fell on meme coins, with PEPE coin making a prominent appearance by almost doubling its value, reaching a market cap of $500.
The Growing Appeal Of Meme Coins
The success of PEPE coin signifies the growing influence and appeal of meme-based cryptocurrencies, which often rely heavily on online communities and social media engagement. The enthusiasm surrounding these coins is fueled by a combination of factors, including social trends, speculative trading, and the potential for quick, albeit risky, returns on investment.
However, it’s important to note that the extreme volatility and speculative nature of meme coins can lead to unpredictable price swings and potential risks for investors.
Elon Musk’s recent announcement regarding the incorporation of various payment methods into his platform, X, has sparked considerable interest and activity within the market. As the excitement surrounding the Bitcoin Spot ETF gradually subsided, the attention of the crypto market shifted towards meme coins.
DON’T MISS: 📰 #Dogecoin (DOGE) to Moon? #X to Implement Full Financial Service by 2024 🐕🚀🌕 $DOGE
Specifically, the PEPE team’s decision to burn roughly 7 trillion tokens emerged as a key driver in the recent growth pattern. This strategic move significantly reduced the coin’s supply, potentially contributing to the increase in its value.
These collective events underscore the dynamic nature of the cryptocurrency landscape, where strategic decisions and external endorsements wield substantial influence over market sentiment and value fluctuations.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around Pepe Coin (PEPE), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of Shiba Inu (SHIB) and Dogecoin (DOGE).
At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows.
Just recently, Pepe had reached a market cap of $1.6 billion, sparking conversations about its potential to compete with the crypto market’s top meme coins. This rapid resurgence showcases its resilience and its enduring allure to traders and investors.
Pepecoin, drawing inspiration from the iconic Pepe the Frog meme, has carved a noteworthy niche in the meme coin arena. Its remarkable journey in early 2023, achieving a staggering $1.6 billion market cap and a rapid 100% weekly growth, hints at the potential for a price surge in Q4 2023.
As this developed, the frog-themed meme coin also made headlines when its reach extended to over 155,000 on-chain wallets, encompassing all tokens bridged to both Arbitrum and BSC, underlining its widespread adoption and engagement within the cryptocurrency community.
This impressive user base indicates a growing and vibrant ecosystem, poised to explore new horizons and opportunities in the digital asset space.
PEPE currently trading at $0.00000120 on the daily chart:TradingView.com
PEPE’s Robust Market Valuation
The sudden and robust gains in PEPE’s price have captured the attention of traders and investors, highlighting its potential as an attractive investment within the volatile cryptocurrency market.
Pepe (PEPE), a meme coin born during crypto winter, has witnessed an astonishing feat, doubling its price within a week to reach a $500 million market cap. This surge comes as traders anticipate the potential impact of a Bitcoin (BTC) spot ETF on the broader market.
As market charts showed a 1% gain in the global crypto market value, reaching $1.28 trillion as of October 26, the prices of cryptocurrencies saw a little boost. Positive momentum from the “Uptober” surge caused the cryptocurrency market to rise significantly in the last few sessions on a global scale.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
r/place, the Reddit-based collaborative art project, is back for its third incarnation since the 2017 original. And it couldn’t arrive at a better time for pissed-off Reddit users who have had enough of the message board management’s shit. With everyone able to place only a single pixel every few minutes, it’s some collective fury that’s allowing the result to be shaping up quite so cross.
This Brutal Gothic Metroidvania Is Shaping up To Be Something Special
Last year, r/place saw an incredible total of 10.4 million people contribute 160 million pixels to create an astonishing and enormous piece of pixel art, 6000 x 6000 pixels big. Somehow meticulously detailed faces were created, despite the restrictions placed on any individual being able to deliberately directly draw. It was a strange and beautiful thing.
Jump to 2023, and times at Reddit aren’t nearly so content. The introduction of charges to third-party apps caused widespread outrage, and in turn, a widespread outage, as many subreddits went dark to protest the decision. Multiple beloved third-party applications like Apollo and BaconReader have had to give up, facing API costs in the tens of millions of dollars, and users are livid. Which makes now the most peculiar moment for Reddit to think launching a new r/place might be a good idea.
With what might best be described as “optimism,” Reddit posted the new version saying, “but hey, what better time to offer a blank canvas to our communities than when our users and mods are at their most passionate… right?”
Er, right. The results are predictable. “FUCK SPEZ” reads enormous swathes of the picture, over and over, referring to Reddit CEO Steve Huffman, who has been particularly tone deaf in his response to the protests and anger. “There’s a lot of noise with this one,” Huffman is reported to have written in a staff memo. “Among the noisiest we’ve seen. Please know that our teams are on it, and like all blowups on Reddit, this one will pass as well.” It was hardly the message Redditors were looking for.
Such feelings are being made very clear on the canvas. In German across the top of the image it currently reads, “U/SPEZ IST EIN HURENSOHN,” which translates to, “U/SPEZ IS A SON OF A BITCH.” Elsewhere are the more normal depictions of Pepe, some My Little Ponies, and even some Pikmin, but by far the most prominent and repeated motif is “FUCK SPEZ.”
Honestly, it’s hard to imagine what else Reddit was thinking would happen. We’ve contacted Reddit to ask what else they might have been expecting, and whether Huffman might listen to any of this noise.
PEPE price action in the last 24-hours. Source: Coingecko
