182 Billion $PEPE in One Hour: What's Happening?

The frog-themed meme coin PEPE has seen a notable increase in value, suggesting a possible sell-off by large holders, or market whales. In the past 24 hours, PEPE has risen by 2.15% to $0.00001654, marking a 75% increase over the past week.

PEPE's recent rally has positively influenced other meme coins this month. Historically, PEPE has performed well in May. Data from Cryptorank shows that PEPE ended May 2023 with a 74.9% growth. This month, it has already achieved a remarkable 148.2% increase.

This surge has driven PEPE to several all-time highs (ATH) this month, the latest being $0.00001718. On-chain data indicates that two newly created wallets withdrew 182.7 billion PEPE, valued at around $3.1 million, from OKX within an hour.
The significant withdrawal from exchanges suggests increased confidence, with holders less inclined to sell. While some may take profits, PEPE's whales appear cautious, as reflected in the concentration data from IntoTheBlock.

With the bullish trend, PEPE is close to surpassing Polygon in market capitalization. Currently, PEPE's market cap stands at $6.98 billion, while Polygon's is $7.21 billion. If the price rally continues, PEPE could potentially overtake not only Polygon but also other major cryptocurrencies like Near, Bitcoin Cash, and Tron, as it did with Ethereum Classic.

This rapid growth underscores PEPE's potential to make significant strides in the cryptocurrency market.

💥 Attention all $PEPE followers!
Please focus here!!!

Big news! 🚨

$PEPE

Lookonchain has monitored that a whale, with an address starting with 0x8376, has withdrawn 1.32 trillion PEPE from Binance over two days, valued at approximately 18.2 million US dollars.

Could this massive transaction lead to significant price volatility for PEPE?!

#pepecoin🐸
#pepe

Dogecoin Price Rising to $1: A Realistic Goal?

Dogecoin has been a standout in the meme coin space. Known for its active community and high-profile endorsements, Dogecoin has successfully navigated numerous market challenges.

Sherpa believes that DOGE has the potential to reach the elusive $1 milestone, which has been a cause for speculation and anticipation among investors.
Dogecoin is currently trading at $0.1652, up 4.23% over the past day. The coin’s market cap has grown to $23.86 billion, with a 24-hour trading volume of over $2 billion.

These figures highlight the coin’s growing market popularity and growing trust among investors.
There are many reasons why analysts are optimistic about the DOGE price. The widespread adoption of the coin, not just as a meme, but as a functional currency, plays a major role.

In addition, support from a loyal community and endorsements from high-profile figures such as Elon Musk have also further fueled its growth. Although this goal may seem far-fetched, the combination of these factors makes it an achievable goal in the future.
#Doge🚀🚀🚀
#pepecoin🐸
#Bitcoin
#Etherium

😱🚀 💯 Newly launched whale wallets are investing heavily in 5 altcoins after Ether ETF approval. 🐳
Here’s the List!

$LDO $AAVE

Following the SEC's historic approval of Ether spot ETFs, new whale wallets have turned to five altcoins, making significant purchases.

According to Lookonchain, whale wallets have made million-dollar purchases in these altcoins:
Lido (#LDO), Aave (#AAVE), Uniswap (#UNI), Chainlink (#LINK), and Ethereum Name Service (ENS).

Highlighted purchases include:
- Wallet 0x43cA: Bought 82k ENS worth $2M from Binance (opened 4 days ago)
- Wallet 0xBbDC: Bought 214k UNI worth $2M (opened 4 days ago)
- Wallet 0xCD0a: Bought $2M worth of 19.7k AAVE (opened 5 days ago)

- Wallet 0x2019: Bought $2M worth of 19.9k AAVE (opened 5 days ago)
- Wallet 0xBD07: Bought $2M worth of 873k LDO (opened 5 days ago)
- Wallet 0xe934: Bought $1.4M worth of 602k LDO (opened 4 days ago)
- Wallet 0xf07B: Bought $2.1M worth of 915k LDO (opened 6 hours ago)
- Wallet 0x2A3C: Bought $1.3M worth of 66k LINK (opened 5 hours ago)
#altcoins #Altcoinseason2024

With the Approval of spot ether (ETF) , whats next ETF ....

standard Chartered (STAN ) believes
solona (SOL) or Ripple's XRP could be the next contenders, but not before 2025.

“For other coins (eg. SOL, XRP), markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story, not a 2024 one,” analyst Geoffrey Kendric said. “For now, bitcoin and ether dominance will rise, with selective “next in line” winners as well.”

Also,

Brokerage firm Bernstein said in a note on Thursday that given Ethereum’s classification as a commodity, the token could follow a similar path. Solana is the third biggest cryptocurrency after bitcoin and ether by market cap. This is excluding stablecoin Tether (USDT) and Binance Coin (BNB).