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Cryptocurrency News Articles

PEPE (PEPE) Is Having an Explosive Run Because of a Whale

Nov 22, 2024 at 10:00 am

The meme coin space is shaking again as PEPE, the viral ERC-20 token, is getting attention from both retailers and whales.

PEPE (PEPE) Is Having an Explosive Run Because of a Whale

The meme coin market is seeing new excitement as PEPE, the viral ERC-20 token, is gaining attention from both small-time traders and large investors. With significant price surges, record-breaking whale activity, and new exchange listings, PEPE is setting itself up for what analysts are predicting to be its “biggest price move” yet. A potential listing on Binance could be the final push to propel this token to new heights.

Pepe (PEPE) Having an Explosive Run Thanks to a Whale

Pepe (PEPE) has been on a roll, reaching new heights in both price and adoption. Since listing on Coinbase on November 14, 2024, PEPE has seen an 87% increase, reaching an all-time high of $0.00002524. Although it has since seen a slight decrease to around $0.00002, its 7-day performance is still showing an impressive 10% gain.

This massive whale movement, where 506 billion PEPE (valued at $11.4 million) is being sent to Robinhood, is also boosting confidence. Such large transactions, especially from influential holders, are positioning themselves for further upside as Pepe (PEPE) continues to trend.

New Exchange Listings Increasing Visibility for Pepe (PEPE)

Recent listings on major exchanges have added visibility:

These listings are crucial, making the token accessible to more traders and increasing liquidity, both of which are key factors in driving any substantial price move.

There is also a rumor for a Binance listing that is buzzing around Pepe (PEPE). Historically a Binance listing has been a catalyst for meme coins and can lead to price explosions. If it happens, Pepe (PEPE) could go to $0.00003 and $0.00004 in the short term.

The Silent Comeback of Shiba Inu (SHIB)

While PEPE is grabbing the spotlight, another meme coin, Shiba Inu (SHIB), is also seeing some action. With a market cap of $11.48 billion and a 24-hour volume of $164.6 million, SHIB is experiencing increased activity But SHIB is being left in the dust. Despite efforts to enhance utility with projects like Shibarium, PEPE's viral momentum and rapid adoption are outpacing SHIB's slow and steady growth.

The Battle Between Pepe (PEPE) vs Shiba Inu (SHIB)

Both Pepe (PEPE) and Shiba Inu (SHIB) are riding the wave of meme coin demand, but their approaches couldn't be more different. PEPE is focused on fast and frequent exchange listings and whale-driven price moves, catering to speculative investors looking for quick flips. SHIB, on the other hand, is playing the long game with a concentrated effort on increasing utility and expanding its ecosystem with decentralized applications and Layer-2 solutions. However, PEPE's ability to attract whale activity and secure exchange listings aligns better with the current short-term market trends.

DTX Exchange (DTX) Is Building a Foundation as the New Viral ERC-20 Token

Amidst the meme coin craze, DTX Exchange (DTX) is flying under the radar as a utility-driven alternative, catering to investors prioritizing substance over hype. In contrast to Pepe (PEPE) and Shiba Inu (SHIB)'s emphasis on viral appeal, DTX Exchange (DTX) is a hybrid trading platform that combines traditional and decentralized assets, allowing you to trade cryptocurrencies, stocks, and forex on a single platform.

With over 160,000 registered users and $8.2 million raised in the presale, DTX is positioning itself for the long haul in the volatile crypto market. Its innovative features, such as 1000x leverage and distributed liquidity pools, could appeal to the same whales driving PEPE's rise, offering them a more structured and diversified trading experience. As meme coin investors chase short-term gains, DTX Exchange (DTX) is laying the groundwork for sustained growth, potentially rivaling the hype surrounding even the most viral tokens.

Conclusion

PEPE's recent run, fueled by whale activity and major listings, has made it the top dog in the meme coin pack. With rumors of a Binance listing adding to the hype, this could be the biggest move of the year. Meanwhile, Shiba Inu is slowly building its ecosystem in the background, focusing on the long term. For investors, December will be the moment of truth for these tokens as the meme coin wars heat up.

To get involved, visit the DTX Website, participate in the presale, or engage with the DTX Community.

Original source:finbold

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