Pepe Leaps Into Action With 10% Daily Gain: 'Elon Has No Issue Consistently Posting Pepe,' VC Points Out
Portfolio Pulse from Khyathi Dalal
Pepe (PEPE), a frog-themed meme coin, surged 10% following significant whale movements and a tweet from Elon Musk featuring the Pepe meme. The tweet led to speculation about Musk's interest in Pepe, paralleling his known support for Dogecoin (DOGE). Whale Alert reported a transfer of 2.25 trillion PEPE tokens worth $20.2 million from Binance to Crypto.com, and a large whale deposited 500 billion PEPE to OKX. Zypto Pay announced the availability of a crypto card purchasable with PEPE tokens. Pepe's monthly gains stand at 688%, outperforming DOGE and Shiba Inu (SHIB). Derivatives data analysis shows a 56% volume increase and a 4% rise in open interest. Pepe is now the third-biggest meme coin, with the community speculating on its potential for further growth.
March 13, 2024 | 6:42 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Dogecoin (DOGE) experienced a 106% gain, overshadowed by Pepe's 688% surge. Speculation about Elon Musk's shifting interest from DOGE to Pepe has emerged.
While Dogecoin has seen significant gains, the spotlight on Pepe following Elon Musk's tweet and its superior performance may divert attention and investment from DOGE to PEPE in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu (SHIB) saw a 238% gain, but Pepe's 688% surge and the buzz around Elon Musk's tweet have overshadowed it.
Shiba Inu's performance, while strong, is currently overshadowed by the explosive growth and media attention surrounding Pepe, potentially impacting SHIB's short-term investment appeal.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Pepe (PEPE) saw a 10% increase following Elon Musk's tweet and significant whale transactions. The coin's monthly gains reached 688%, and it's now the third-largest meme coin.
Elon Musk's tweet and significant whale movements have directly contributed to Pepe's surge, indicating a strong short-term bullish sentiment. The introduction of a crypto card by Zypto Pay further supports its utility and potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100