An interesting development took place in the cryptocurrency market. Pepe, the popular frog-themed meme coin, gained nearly 23% on July 16, with investment fund Nascent amassing a whopping $141 billion. On-chain data reveals that Nascent has shown intense interest in Pepe by exchanging previous crypto assets. This presents an optimistic outlook for future price movements of the meme coin. Now let's take a closer look at current market statistics and future price movements.

Nascent Adds $141 Million Meme Coin to Its Portfolio

According to data provided by Lookonchain, Nascent swapped its MKR holdings for PEPE and LDO tokens today. The investment fund transferred 1,215 MKR worth $3.41 million to Binance and purchased 141.23 billion PEPE worth $1.57 million and 281 thousand LDO tokens worth $503 thousand from the same exchange. Thus, Nascent owned 608.85 billion PEPE tokens worth a total of $7.49 million. This big purchase underscores the investment fund's confidence in Pepe's potential to generate further returns.

During the 2023 bull market, Pepe coin rose as high as $0.00001718. However, although it fell to $0.000007 due to recent market corrections, the coin showed significant resistance. Today, it experienced a significant increase again and exceeded the $0.00001 level.

PEPE Price Rising$PEPE

As of writing date, PEPE price increased by 23.42% and reached $0.00001201. The lowest and highest prices of Meme coin in the last 24 hours were recorded as $0.000009399 and $0.00001251, respectively. Pepe coin's recent price increase is in line with the significant buying pressure provided by Nascent. According to Coinglass's derivatives market data, an upward trend is observed for PEPE. Futures open interest (OI) increased by 23.19% to $144.78 million, while derivative volume increased by 178.66% to $3.24 billion. This data shows increasing investor interest in the asset, and when combined with large purchases, paints a positive picture for future movements.

Additionally, the RSI indicator is trending at 58, indicating that the market is generally in a neutral but slightly uptrend. This could open up more buying opportunities and cause the frog-themed meme coin to gain value. However, given the volatility of the cryptocurrency market, investors continue to keep a close eye on the token.

PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.

My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.

Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who will benefit?

Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become a Binance member without reference, please listen carefully;

When you do what I say, you will receive 10 USDT.

Enter the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.

The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.

Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.

WHEN WILL THE AWARD COME?

Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.

You can help your friends in need by sharing this post.

BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.