PEPE, the meme coin that gained a lot of attention earlier this year, recently hit an all-time high (ATH) but has struggled to maintain momentum since then. The altcoin has been stuck in a neutral position and has been unable to gain much momentum.
However, a major development on the horizon could breathe new life into the market and drive growth. On December 5, Baby will be listed on Binance.US. The move is expected to boost liquidity and attract new investors, which could spur a new uptrend for Baby.
PEPE looks forward
Currently, short-term BB holders dominate the supply. These holders, who typically hold assets for less than a month, account for over 48% of the total supply. While this indicates a volatile market, it also means that the majority of BB holders may be more inclined to sell their positions quickly.
However, despite this dominance, the potential surge in liquidity following Baby’s listing on Binance.US could offset the selling pressure. The increased trading volume could absorb selling pressure from short-term holders, providing a window for new investment and price stability. The listing on Binance.US is likely to open the door to a wider market of retail and institutional investors.
