Bittime – Meme coin PEPE breaks all-time high, dominates trading in meme-themed crypto assets. Surpassing established altcoins, leaving competitors like Hedera Hashgraph and Ethereum Classic behind.
PEPE Price Journey: Unstoppable!
The momentum behind the frog-themed meme coin PEPE seems unstoppable. After conquering its all-time high on May 14, 2024, PEPE continued its meteoric rise, reaching a new record price of $0.00001420 in the early hours of May 22. This unrelenting surge in demand is further proven by the impressive trading volume on the Spot market, which reached a fantastic figure of $3,108,273,595 in the last 24 hours
davie_satoshi anaysist on PEPE | Source: X.com
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PEPE Trading Volume Soars Sharply
Trading volume soared sharply, outstripping competitors by a significant margin. PEPE outperformed Shiba Inu (SHIB) threefold and even surpassed Dogecoin (DOGE), the leader of meme coins, by more than half a billion US dollars. This fantastic activity shows strong demand for PEPE, pushing its price to new highs.
Sell Wall Threat or Smart Money Game?
Analysts warn of the potential for a "Sell Wall" where sell orders pile up and make the price unwilling to rise before completing all sell orders. Since large PEPE holders (whales) are driven by recent gains, they may engage in profit taking.
Data-on chain PEPE to binance credit: x.com
Data on-chain Whale PEPE
On-chain data reveals whale activity indicating profit-taking. Recently, a whale moved a large amount of PEPE (183 billion coins) to Binance, worth around $2.32 million.
Whale PEPE Assets Flow to Exchange: Panic Selling?
Another whale deposited more than 200 billion PEPE coins into Bybit, raising concerns about a potential massive sell-off. However, it is important to note that this is not necessarily a bad sign. Historically, this particular whale has taken advantage of previous PEPE transactions, indicating a strategic move rather than a panic sell-off.
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More Than Just a Meme: Is PEPE a Long-Term Player?
Despite the potential for a major sell-off, the broader investor picture shows otherwise. As many as 99% of PEPE holders are currently in a profit position, indicating strong overall sentiment.
PEPE Coin Hodler is a Long Term HODL
Interestingly, the majority (23%) of PEPE holders have held their coins for more than one year. This long-term investment approach suggests that some view PEPE as more than just a meme, potentially offering long-term value beyond its internet meme roots.
An Uncertain Future: Coins to Watch
PEPE's future trajectory remains unclear. Will PEPE resist the selling pressure and continue climbing? Or will a temporary correction occur? Only time that can answer. However, one thing cannot be denied: PEPE has become a force to be reckoned with in the ever-growing crypto ecosystem. This demands attention from investors, both beginners and experienced.
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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.
Monitor 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.
Also read:
PEPE: Pepe's signal will still be bullish, says this observer
Crypto Whale Takes PEPE Worth IDR 118 Billion
5 Reasons Why Pepe (PEPE) is a Must Invest Right Now
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.
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