Rally

when

PEPE

TL:DR;
<ul>
 <li>Several altcoins have popped up in the past few weeks to register massive double- and even triple-digit gains at some point.</li>
 <li>Will PEPE be the next in line? Some whale activity suggests so.</li>
</ul>
<a href="https://cryptopotato.com/wp-content/uploads/2024/05/PEPE_CB-4.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
<h2 id="alts-rally">Alts’ Rally</h2>
The current crypto environment screams <a href="https://cryptopotato.com/heres-why-cryptoquant-ceo-says-this-altseason-wont-play-out-as-expected/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altseason</a>. It all started after Donald Trump’s decisive victory in the US presidential elections when DOGE, alongside BTC, skyrocketed to new multi-year peaks, perhaps due to the asset’s affiliation with Elon Musk.
Since then, bitcoin has stalled and is in consolidation mode, while DOGE has <a href="https://cryptopotato.com/dogecoin-price-stalls-but-could-accumulating-whales-lead-to-another-doge-bull-rally/" data-wpel-link="internal" rel="noopener noreferrer nofollow">calmed</a>. However, numerous other altcoins have started to pop up frequently. XRP was at the<a href="https://cryptopotato.com/ripple-price-eyes-3-as-xrp-goes-parabolic-who-is-behind-this-rally/" data-wpel-link="internal" rel="noopener noreferrer nofollow"> forefront of these rallies</a>, surging by more than 420% within a month, charting a 7-year high, and becoming the third-largest cryptocurrency by market cap.
The past 24 hours have seen the rise of two other bright stars – Tron and Binance Coin. Both have blasted through their previous ATHs, especially the former. TRX <a href="https://cryptopotato.com/tron-trx-enters-banana-zone-exploding-70-to-all-time-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">shot up</a> by more than 70% and jumped above $0.43 to mark a fresh peak.
Other noteworthy contenders include XLM, HBAR, DOT, and AVAX. Now, the community has started to speculate on which altcoin will be next.
<h2 id="is-pepe-next">Is PEPE Next?</h2>
The third-largest meme coin also soared in value after Trump’s win and <a href="https://cryptopotato.com/4-possible-reasons-behind-pepes-50-surge-to-new-all-time-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">marked</a> a new all-time high on November 14 at $0.00002457 (CoinGecko data). This came after numerous listings on large exchanges and a growing hype within the community.
Similar to DOGE, though, it retraced in the following weeks and now sits below $0.000021 – or 15% away from its peak from last month. It has remained somewhat on the sidelines, with the focus going on many of the aforementioned assets.
However, it seems certain large investors, known as whales, are turning their attention back to it, which could suggest a further rally. Data from Lookonchain shows that a single whale had accumulated and withdrawn nearly $7 million worth of PEPE in the past 20 days. Such large purchases and withdrawals often precede price increases due to the declining available supply and immediate sell pressure.
<blockquote class="twitter-tweet">
 Whales continue to accumulate <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a>!
 A whale has withdrawn 337.09B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a>($6.92M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 20 days.<a href="https://t.co/65vbIQd2dd" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/65vbIQd2dd</a> <a href="https://t.co/79NauAQt8V" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/79NauAQt8V</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1864157808654266728?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
</blockquote>
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The post <a href="https://cryptopotato.com/after-xrp-and-trx-is-pepe-the-next-altcoin-to-explode-in-price/" rel="noopener noreferrer nofollow">After XRP and TRX, Is PEPE The Next Altcoin to Explode in Price?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

After XRP and TRX, Is PEPE The Next Altcoin to Explode in Price?

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