Major

Pepe Coin

PEPE

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-coin-surges-75-following-major-listings-and-triggers-whale-selling/" data-wpel-link="internal" rel="noopener noreferrer nofollow">PEPE Coin Surges 75% Following Major Listings and Triggers Whale Selling</a><br></p>
<p style="text-align: justify">Pepe Coin (PEPE) experienced a 75% increase in value within the last 24 hours following its listings on <a href="https://en.coin-turk.com/decentralized-crypto-exchange-dydx-publishes-report-on-9-million-hack/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> and Robinhood. However, on-chain data indicates potential selling by whales, suggesting that meme coins may face selling pressure. Notably, a significant PEPE whale sold approximately 500 billion PEPE, realizing around 45 million dollars in profit.</p>
<h2 style="text-align: justify" id="major-sell-offs-initiated">Major Sell-Offs Initiated</h2>
<p style="text-align: justify">Whales who invested early in PEPE have begun to take profits. Recently, one whale sold 500 billion PEPE for 11.8 million dollars, marking a substantial gain. This investor accumulated around 2.01 trillion PEPE tokens between May 5 and September 10 last year, spending 1,170 ETH (around 2.12 million dollars) in the process.</p>
<p style="text-align: justify">Despite this sale, the whale still holds 1.48 trillion PEPE. This situation indicates that the whale has achieved a 20-fold return on their initial investment, totaling approximately 45 million dollars in profit.</p>
<h2 style="text-align: justify" id="pepe-price-hits-record-high">PEPE Price Hits Record High</h2>
<p style="text-align: justify">PEPE reached a record high, climbing 75% in value after listings on Coinbase, Robinhood, and Upbit. The market capitalization of PEPE surpassed 10 billion dollars, with daily trading volume increasing by 200% to over 20 billion dollars.</p>
<p style="text-align: justify">Following Donald Trump’s victory in the recent U.S. Presidential Election, the meme coin market gained overall momentum. Leading meme coins like Dogecoin (<a href="https://en.coin-turk.com/dogecoin-faces-sharp-decline-in-market-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>) and PEPE provided weekly gains exceeding 100%. Additionally, other meme coins such as dogwifhat (WIF), Bonk (BONK), and Floki Inu (FLOKI) also saw increases between 60-70%.</p>
<p style="text-align: justify">According to Santiment, meme coin activity remains at elevated levels. There is a noticeable increase in greed and FOMO. Discussions about meme coins on social media platforms have also surged, suggesting an impending selling pressure.</p>
<p style="text-align: justify">Economist Alex Kruger summarized the market direction by stating, “Excluding Bitcoin , the <a href="https://en.coin-turk.com/ftx-collapse-leaves-prominent-figures-including-tom-brady-with-huge-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> is currently largely focused on meme coins. Exchanges are reacting to this demand.”</p>
<h2 style="text-align: justify" id="potential-opportunities-and-risks-for-traders">Potential Opportunities and Risks for Traders</h2>
<p style="text-align: justify">Not only PEPE, but also PNUT has surged by 200%, pushing its weekly gains above 1600%. Dogecoin (DOGE) is trading at $0.392, while WIF is priced at $4.18.</p>
<p style="text-align: justify">This highly fluctuating meme coin market presents both opportunities and risks for traders. Major whale sell-offs and increasing social media interest heighten market volatility. Investors should closely monitor market trends and whale activities.</p>
<p style="text-align: justify">In conclusion, the rise of PEPE and other meme coins reflects the changing dynamics of the crypto market, emphasizing the importance of caution and trend monitoring for investors.</p>
<p>The post <a href="https://en.coin-turk.com/pepe-coin-surges-75-following-major-listings-and-triggers-whale-selling/" data-wpel-link="internal" rel="noopener noreferrer nofollow">PEPE Coin Surges 75% Following Major Listings and Triggers Whale Selling</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

PEPE Coin Surges 75% Following Major Listings and Triggers Whale Selling

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