As the rise of Bitcoin grabs headlines, Dogecoin (DOGE) emerges as the biggest gainer among the top 20 digital assets.

The impressive rise of DOGE

Over the past 24 hours, Dogecoin has soared by around 14%, now trading at $0.11, making it the best performing performer among the largest digital assets. Reaching almost $0.12 on Wednesday, DOGE reached its highest level since November 2022.

With a market capitalization of $15.7 billion, DOGE currently occupies the 10th position in the cryptocurrency rankings. Surpassing Avalanche (AVAX) on Tuesday, it now sits in 10th place, reflecting the fervor surrounding meme coin trading.

Today, the PEPE meme coin experienced a remarkable surge, with its $PEPE token jumping up by an impressive 60% in just 24 hours.

According to the well-known crypto analytics firm Lookonchain, there were substantial profit-taking actions as investors took advantage of this sudden price rally.
Notable Profit-Taking in Pepecoin’s Surge
Amidst the massive surge in Pepecoin’s price, Lookonchain’s recent analysis uncovered significant wallet activities, revealing substantial profit-taking maneuvers by savvy investors.

Six wallets took advantage of the opportunity, collectively selling 1.98 trillion $PEPE tokens, amounting to an astounding $4.37 million. The total profit from these transactions reached approximately $2 million, underscoring the profitability of $PEPE ’s recent rally.
One specific wallet, identified as “0xa145,” made a strategic move by depositing a sizable amount of $PEPE tokens totaling 486.72 billion to Binance, equivalent to a staggering $1.04 million. This move resulted in a swift profit of around $515,000, marking an impressive 97% gain within six hours.
Furthermore, five potentially linked wallets collectively deposited 1.5 trillion $PEPE tokens, equivalent to $3.3 million, also to Binance. This strategic maneuver led to a significant profit of $1.49 million, reflecting an 82% increase.
Pepe Token’s Remarkable Surge Sets it Apart
Pepe token’s recent surge in a single day has distinguished it from other popular meme coins. While Dogecoin and Shiba Inu saw modest gains of 1.85% and 11.11% respectively, Pepe’s exceptional pump skyrocketed its price to approximately $0.00000228.
Approaching Key Resistance Level: This surge has brought Pepe closer to a significant resistance level established since last July, positioned around $0.00000159. A successful breakthrough and closure above this barrier were anticipated to propel Pepe by 20%, aiming for its 2022 high of about $0.00000189.
Surge in On-Chain Activity: Recent on-chain data indicates a surge in active wallet addresses engaging with the Pepe network, witnessing an 85% spike in just four days last week and a 60% surge in the past 24 hours. Moreover, the increase in large “whale” transactions involving sums exceeding $500,000 and $1 million worth of $PEPE coins has contributed to today’s surge of over 60%.
Pepe Token’s Unprecedented Surge Sparks Speculation
Amidst Pepe’s remarkable outperformance of other meme coins this week, soaring by over 60%, analysts are speculating about its potential to target its all-time high market cap of approximately $1.8 billion.
Aiming for All-Time Highs: If Pepe were to achieve this milestone, it would require a parabolic 10x price surge from its current levels. Such a surge would represent a significant leap in value, highlighting the token’s growing popularity and investor interest.
Analyzing Potential Growth: As Pepe continues to outpace its peers in the meme coin space, investors and analysts are closely monitoring its trajectory, anticipating further gains and potential milestones in the near future.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#PEPE‏ #PepeCoin2024

PEPE experienced a remarkable rise, climbing more than 50% in 24 hours, only to face a subsequent correction that erased half of its gains.

Despite this impressive rally, bearish sentiment around PEPE has intensified, fueled by indicators suggesting a potential end to the uptrend.

As PEPE reclaimed $1 billion in market capitalization during its recent price surge, AMBCrypto looked at its current status to assess the sustainability of the trend.

Pepe (PEPE) Price Rises 60% as Whales Surprisingly Buy Meme Again.

Pepe got a staggering 60% increase in price. This surge was accompanied by significant activity from cryptocurrency whales, indicating renewed interest in the coin sector.

The market observed six wallets collectively selling around 1.98 trillion PEPE, or the equivalent of $4.37 million, securing an estimated profit close to the $2 million mark. This liquidation of portfolios was likely a decision to capitalize on the recent rise in the value of PEPE.