Pepe Coin Leaps 31%, Chases Top 3 Memecoin Ranking Behind Doge, Shiba Inu
Portfolio Pulse from Khyathi Dalal
Pepe Coin (PEPE) surged 31% in 24 hours, reaching a 220% increase over the week, driven by record social media activity. An Ethereum whale's significant trade involving PEPE and profits used to buy Shiba Inu, Decentraland (MANA), The Sandbox (SAND), and Gala Games (GALA) tokens was highlighted. Pepe is now the fourth-largest meme coin by market cap, with a 24-hour trading volume surpassing rivals. Analyst Bluntz Capital predicts further upward movement for PEPE.
March 01, 2024 | 4:23 pm
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POSITIVE IMPACT
Gala Games (GALA) attracted a whale's investment, using profits from PEPE, hinting at increased market confidence.
The investment in GALA tokens by a whale, leveraging PEPE profits, indicates a bullish sentiment and potential for upward price movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Decentraland (MANA) saw increased interest as a whale used profits from PEPE to purchase MANA tokens.
The purchase of MANA tokens by a whale, using profits from PEPE, highlights increased investor interest and potential for price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Pepe Coin surged 31% in 24 hours, with a 220% increase over the week, driven by high social media activity and significant whale transactions.
The surge in Pepe Coin's price is attributed to record social media activity and a notable whale transaction, indicating strong market interest and potential for further gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Sandbox (SAND) tokens were bought by a whale using profits from PEPE, indicating growing interest.
A whale's investment in SAND tokens, funded by PEPE profits, suggests a positive outlook and potential for price growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75