$PEPE rises in popularity; here’s what caused it-

-PEPE’s social metrics increased over the last week. 

-PEPE was up by 5% in the last 24 hours, and metrics looked bullish. 

#pepecoin [PEPE] has witnessed a surge in its social metrics over the last seven days. But though its popularity increased, its price action did not follow a similar route. However, things might change soon, as #pepe announced a major update regarding its future plans.

Announcement - As per their tweet on the 20th of November, PEPE’s team plans to transfer 418 billion tokens to #Binance Earn. These tokens will be awarded to Binance users through various campaigns over the coming months. (Tweet Screenshot Attached)

Soon after this announcement was made, the coin’s price gained bullish momentum. According to CoinMarketCap, PEPE’s price rallied by more than 5% in just the last 24 hours.

At the time of writing, the meme coin was trading at $0.000001201 with a market capitalization of over $501 million. Its trading volume also surged by 98% in the last 24 hours.

AMBCrypto’s analysis found that while the coin’s price rose, its Exchange Outflow spiked. Its Total Amount of Holders also increased, suggesting that buying pressure was high. The announcement also helped improve sentiment around the meme coin, as Weighted Sentiment improved.