PEPE Falls by 4% Amid Weakening in Memecoin Sector
Despite the recent decrease in PEPE's price, accumulation by significant holders persists, showing a 1.5% increase in holdings over the past month.
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Despite the recent decrease in PEPE's price, accumulation by significant holders persists, showing a 1.5% increase in holdings over the past month.
The rise in PEPE's price appears linked to broader market trends and anticipation of a Federal Reserve interest rate cut next month.
In the latest cryptocurrency news, the PEPE token has seen a notable rise of 6% over the past 24 hours, with trading volumes hitting 4.6 trillion as investors bolster support.
The cryptocurrency PEPE has increased by 14% within a day, while Bitcoin surpasses the $118,000 mark, indicating a broader market revival.
A rise in whale investments drives PEPE's price up while the supply on exchanges decreases, showcasing strong market interest.
Pepe, the third-largest stablecoin, is facing challenges in maintaining its value above critical moving averages amidst increased selling pressure.
Amid rising market volatility triggered by impending Trump tariffs, PEPE's value has dropped, yet whale investors continue to accumulate the token.
The memecoin PEPE has seen a significant rise, backed by a golden cross indicator, suggesting potential continued gains.
PEPE's price surge is attributed to increasing global optimism, reflecting an upward trend in the crypto market.
PEPE has dipped nearly 5% following unsuccessful recovery efforts, with Bitcoin's dominance surpassing 65%, indicating a broader trend away from alternative cryptocurrencies.
Grauber Contesoto, once known as the 'Doge Coin Millionaire', transitions to becoming a PEPE millionaire with impressive holdings exceeding $1 million.
Dogecoin and Pepe suffer significant losses as market sentiment shifts amidst geopolitical tensions.
James Wynn has positioned himself significantly on PEPE futures following substantial losses in Bitcoin trades, sparking debates about his trading character.
James Wynn, a notable trader, has reversed his strategies by closing a massive Bitcoin position for a substantial loss while moving towards meme coin investments.
This week's news highlights include the Bitcoin Plus ETF by Trump Media, a scam related to the Pepe Airdrop, and insights on David Sacks' recent press conference.
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