Check Today's Crypto Market:
Bittime - The price of Pepe coin has seen a significant increase over the past four days, surging more than 40% and continuing to approach its all-time high.
Read Also What Is All-Time High (ATH)?
Pepe Coin Price Increase
Pepe coin price continues its upward trend, surging almost 50% in just one day. Compared to the previous week, the price of this token has seen an incredible increase of 200%.
Also Read: Power Ledger Presents at International Energy Week 2024 in London
What factors caused this significant spike in Pepe Coin prices?
The fear and greed index which shows crypto market sentiment is currently at an "extreme" level, triggering positive performance in various crypto assets, including Pepe Coin.
Pepe Coin Price Analysis
Pepe Coin, a frog-themed meme coin, gained popularity for its unique concept of rewarding users for trading activities.
According to Market Bittime at the time of writing (29/02/2024) the price of PEPE is at $0.0000030051 with Pair USDT. Today's price has increased by around 45% compared to the price on (26/02/2024).
Pepe Coin Price Increase Similar to Last Year
This increase is similar to the pattern seen in May last year, shortly after its launch. In May 2023, PEPE reached its all-time high of $0.000004354 before experiencing a decline. Investors made significant profits during this period and expect similar price increases to be repeated.
Also Read: What is Pepe Coin (PEPE)? Memecoin On Ethereum Blockchain Listed On Bittime
On-chain data shows a marked increase in the number of active wallets holding PEPE, contributing to the meme coin's price surge of more than 200% in the past week. In addition, a surge in whale transactions was observed, with PEPE transfers worth $50,000-$100,000.
Check The Crypto Price:
Trader Makes Millions of Dollars in Profit
According to Lookonchain, a well-known crypto analytics company, many individuals are taking advantage of this rally. During this period, six wallets sold 1.98 trillion Pepe tokens, worth $4.3 million, generating a total profit of $2 million.
Of the six wallets, one wallet identified as “0xa145” deposited $1.4 million worth of PEPE to the Binance exchange. Within six hours, the individual had made an impressive profit of $515,000, or an increase of 97%.
Also Read : This is How Pro Traders Use Bitcoin Options
Five other wallets allegedly linked to the same person deposited $1.5 trillion worth of PEPE, about $3.3 million, to Binance once again. This resulted in an 82% return, generating $1.49 million for the individual.
Conclusion
Pepe Coin's price spike shows a significant uptrend, approaching its all-time high. If the momentum continues, the crypto community may witness a new record. Current market conditions and increased whale activity in meme coins have also contributed to the surge in PEPE prices.
How to Buy Pepe (PEPE) on Bittime
You can buy and sell Pepe (PEPE) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Pepe (PEPE) is available on Bittime with the market pair PEPE/USDT . To be able to buy PEPE IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Pepe (PEPE) on Bittime .
Monitor the price chart movements of Pepe (PEPE), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also
Portal Listing on Binance: Gaming Revolution with Web3
What is Hacken Token (HAI)? Cyber Security Services
COTI Announces ETH L2 Developer Network
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.