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Cryptocurrency News Articles

PEPE Rallies 25% as Binance.US Lists the Meme Coin, Targeting Dogecoin's Market Share

Dec 05, 2024 at 01:54 am

Pepe PEPE/USD saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement.

PEPE Rallies 25% as Binance.US Lists the Meme Coin, Targeting Dogecoin's Market Share

Cryptocurrency traders are keeping a close eye on Pepe (PEPE/USD) following its recent listing announcement on Binance US.

After a surge in trading activity, analysts are predicting further upward movement for the meme coin.

Trader Davie Satoshi noted the bounce from key support levels, which could indicate bullish momentum.

Pepe saw a surge in trading activity following its Binance US listing. Notably, large transaction volume decreased, and daily active addresses fell.

Still, the meme coin trails only Dogecoin in 24-hour trading volume.

Here's more on Pepe's recent price action and community updates.

Pepe price analysis: preparing for further gains?

After a recent surge in trading activity, cryptocurrency traders are keeping a close eye on Pepe (CRYPTO:PEPE). Following its Binance US listing announcement, several promising updates have emerged.

After a recent surge in trading activity, cryptocurrency traders are keeping a close eye on Pepe (CRYPTO:PEPE). Following its Binance US listing announcement, several promising updates have emerged.

Pepe's recent price action saw a bounce from key support levels, which could indicate bullish momentum.

According to a Fox Business interview, crypto investor Charlene Woods highlighted Pepe, Bitcoin (CRYPTO:BTC), Solana (CRYPTO:SOL), and Chillguy as promising investments against the backdrop of President-elect Trump's influence on the crypto market.

Whale activity around Pepe remains high, with a whale withdrawing 337.09B PEPE (worth $6.92 million) from Binance in the past 20 days.

A whale deposited 240 billion PEPE (worth $4.95 million) to Binance, having accumulated those tokens fromاحة المعرفة at an average entry $0.00001516.

If the trader sells all at the current price, he will have a realized profit of around $1.31 million, with an ROI of around 36%.

According to IntoTheBlock data, large transaction volume decreased by 24.7%, and daily active addresses fell by 1%.

In a single day, transactions greater than $100,000 dropped from 975 to 539. With significant gains, only 1% Pepe holders are not making a profit, while 83% are in profit.

Pepe trails only Dogecoin (CRYPTO:DOGE) in 24-hour trading volume, leaving rivals like Shiba Inu (CRYPTO:SHIB) and Dogwifhat behind.

Binance.US has opened deposits for Pepe, with PEPE/USDT trading set to begin on Dec. 5.

Crypto trader Plazma reported an addition of 1,646 new PEPE holders in one day.

Robinhood now holds 2.6% of the total PEPE supply, 20 days after listing the meme coin.

On Dec.4, Representative Mike Collins (R-GA) tweeted a Pepe frog meme, reflecting the token's growing popularity. Pepe is trending on platforms like TikTok and Reddit, with enthusiastic community support.

Pepe price technical analysis: preparing for further gains?After a recent surge in trading activity, cryptocurrency traders are keeping a close eye on Pepe (CRYPTO:PEPE). Following its Binance US listing announcement, several promising updates have emerged.

Pepe's recent price action saw a bounce from key support levels, which could indicate bullish momentum.

According to a Fox Business interview, crypto investor Charlene Woods highlighted Pepe, Bitcoin (CRYPTO:BTC), Solana (CRYPTO:SOL), and Chillguy as promising investments against the backdrop of President-elect Trump's influence on the crypto market.

Whale activity around Pepe remains high, with a whale withdrawing 337.09B PEPE (worth $6.92 million) from Binance in the past 20 days.

A whale deposited 240 billion PEPE (worth $4.95 million) to Binance, having accumulated those tokens fromاحة المعرفة at an average entry $0.00001516.

If the trader sells all at the current price, he will have a realized profit of around $1.31 million, with an ROI of around 36%.

According to IntoTheBlock data, large transaction volume decreased by 24.7%, and daily active addresses fell by 1%.

In a single day, transactions greater than $100,000 dropped from 975 to 539. With significant gains, only 1% Pepe holders are not making a profit, while 83% are in profit.

Pepe trails only Dogecoin (CRYPTO:DOPE) in 24-hour trading volume, leaving rivals like Shiba Inu (CRYPTO:SHIB) and Dogwifhat behind.

Binance.US has opened deposits for Pepe, with PEPE/USDT trading set to begin on Dec. 5.

Crypto trader

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