Pepe Coin (PEPE), a meme coin inspired by frog characters, has recorded a stunning performance amid the crypto market's bullish trend. As of the end of this week, two leading cryptocurrencies, Bitcoin (BTC) have shown significant price growth, with BTC hitting new record highs for the first time in two years. PEPE, following in their footsteps, hit new record highs that encouraged big investors or 'whales' to realize profits from their investments.
Get to know PEPE
Pepe Coin (PEPE) is a memecoin built on the Ethereum blockchain. Launching in mid-April 2023, PEPE is designed as an homage to the popular internet meme, Pepe the Frog. PEPE attracts attention for its potential to profit despite being taken less seriously by some investors.
Even so, PEPE has no intrinsic value and is declared as a meme coin that is for entertainment purposes only. The developers of PEPE chose to remain anonymous and the project has no official affiliation with Pepe the Frog creator Matt Furie.
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PEPE Price Surge
Launched in April last year, PEPE briefly became a star in the crypto space and the memecoin market. However, when the market started looking at competitors like BONK and other Solana-based memecoins, PEPE took a downturn. Nevertheless, the recent bullish trend has pushed the PEPE price to levels not seen since 2022, with PEPE capitalizing on this momentum.
Based on data from blockchain analytics platform Lookonchain, a whale managed to achieve a profit of more than 431% within two weeks. The address showed that the trader had withdrawn more than 1 trillion PEPE tokens from Binance in three transactions before the price soared, resulting in a profit of $8.13 million (approximately Rp126.7 billion).
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PEPE: The Fastest Growing Memecoin
With the increasing interest in memecoins, PEPE has shown significant growth. In the last 14 days, the token has seen a price increase of 549%. More impressively, the price has gained 799.5% in the past month, making PEPE the fastest-growing memecoin to date.
PEPE now occupies the third position as the memecoin with the largest market capitalization, reaching $3.85 billion (around Rp59.95 trillion), with an increase of 8.41% in the last 24 hours. Daily trading volume also increased by 16.85% to $1.49 billion (approximately Rp23.21 trillion), signaling increased market activity and strong interest in this memecoin.
Currently, PEPE is trading at $0.000009135 (approximately Rp0.142), which shows an increase of 8.5% in 24 hours and a decrease of 5.95% from its previous record high.
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How to Buy Pepe Coin (PEPE) on Bittime
You can buy and sell Pepe Coin (PEPE) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Pepe Coin (PEPE) is available on Bittime with the PEPE/USDT market pair. To be able to buy PEPE USDT on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy PEPE (PEPE) on Bittime.
Monitor the price chart movements of Pepe Coin (PEPE), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
A Look at the Potential of Pepe (PEPE): A Meme Coin on the Rise
This is Pepe Coin (PEPE) Price Prediction After Surging 145% in a Week
Pepe Coin Price Soars, Traders Make Big Profits
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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