NewsBTC
7 December 2024
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Pepe Coin Listed on Binance.US and Coinbase as Whales Accumulate Tokens

Pepe Coin has regained attention as major exchanges Binance.US and Coinbase have listed it for trading. Whales have accumulated substantial amounts of the token, raising speculation about its potential to reach a new all-time high.

Exchange Listings Generate Excitement

Binance.US announced on December 5 that Pepe Coin is now available for trading against Tether (USDT). Shortly after, Coinbase included the token in its memecoin offerings.

These listings increase accessibility for millions of investors, often leading to higher trading volumes, which appears to be happening with PEPE.

Pepe Coin's price has surged by 165% over the past month, reaching a market capitalization of $9.15 billion, indicating significant interest from the crypto community.

Whales Place Significant Bets On Pepe

Whales have purchased 337 million Pepe tokens, valued at approximately $7 million, reflecting confidence in the token’s growth potential.

Currently priced at $0.0000217, PEPE approaches its previous high of $0.00002457. Technical indicators show bullish trends: the MACD indicates ongoing upward momentum, and the Relative Strength Index (RSI) stands at 62.45, signaling strong buying interest.

The presence of whales and positive technical signals suggest a favorable outlook for short-term price movement. Investors are focused on overcoming the resistance level at $0.000028105, which could lead to further gains towards the next resistance at $0.000036003.

Is A New PEPE ATH On The Way?

The recent developments surrounding Pepe Coin have sparked interest in its potential to achieve new highs. Its popularity has surged following exchange listings, further bolstered by whale investments, enhancing its narrative within the crypto space.

Despite these positive trends, Pepe remains susceptible to market volatility and speculative trading typical of meme coins. Investors should proceed cautiously in this rapidly changing environment.

The coming days will be pivotal for Pepe Coin as it nears its all-time high, ensuring that this frog-themed cryptocurrency remains a focal point in the market.

Featured image from DALL-E, chart from TradingView