How 10 Meme Coins Make Millionaires
Meme coins are a very risky type of crypto because they are based on Internet cultural references. The price movement depends on whether the meme coins can stay relevant by driving hype or support among the community, and lack fundamental value.
Ethereum Eyes $2,000 As Traders Convert PEPE Profits to ETH
The Ethereum (ETH) price has decoupled from the rest of the crypto market, rising over 3.56% in the last 24 hours and eyeing a move above $2,000 levels. This development comes as active deposits on the Ethereum blockchain network shoot to a 1.5-year high, with a large number of crypto traders converting their PEPE profits into ETH. The daily median gas fee on the Ethereum blockchain has touched a new 12-month high of 87 gwei due to the frenzy surrounding the memecoin PEPE, which has been on an unstoppable price rally. However, investors must stay cautious as Vitalik Buterin and the Ethereum Foundation recently dumped over 15,000 ETH, and the current momentum may spiral into a major sell order for Ethereum anytime soon.
Crypto Exchange WazirX Follows Binance To List PEPE, CoinDCX Denied Listing
India's largest crypto exchange, WazirX, has listed meme coin PEPE after repeated requests from the Indian crypto community amid massive hype. Deposits for PEPE are now live on the exchange, and trading will begin once deposits reach a sufficient level. The demand for listing meme coins continues to rise in the crypto community as meme coins' prices rally higher. PEPE price is currently trading at $0.00000287, up 50% in the last 24 hours and 800% in a week. However, another leading Indian crypto exchange, CoinDCX, has decided not to list PEPE, citing investment risk to users. CoinDCX CEO Sumit Gupta said the exchange will continue to monitor the market and list assets that offer value to its users.
Three Smart Moneys Make Millions of Dollars by Early Investing in SHIB and PEPE: Lookonchain
Lookonchain revealed that three smart moneys made millions of dollars by investing in two cryptocurrencies, $SHIB and $PEPE, early on.
Pepe Coin Shorters Loses $17 Mln As PEPE Surges By 100%
Pepe (PEPE) has emerged as the biggest gainer among meme coins this week, with its price up by more than 756% in the last 7 days. This surge followed the announcement of the listing of the meme coin on major exchanges. However, traders who went short against PEPE have paid a heavy price amid the recent surge. More than 56,000 traders were liquidated in the last 24 hours, with total liquidations standing around $179 million. About $30 million of funds were liquidated from Pepe traders amid its recent 100% price surge, and the contract named 1000PEPE also reported $13.37 million liquidation in the same period.
PEPE, FLOKI Skyrocket by Double Digits, Bitcoin Stopped Ahead of $30K
Bitcoin has shown a positive trend in the past 24 hours, approaching the $30,000 level, but has not yet breached it. Altcoins such as ETH, SOL, and UNI have also seen price increases, but the day's top performers are PEPE and Floki Inu. PEPE, a relatively new cryptocurrency, has seen double and even triple-digit daily surges, entering the top 50 digital assets by market cap. Floki Inu has also skyrocketed, with a 40% surge in the past 24 hours, and is now among the top 100 coins by market cap. The top ten altcoins have seen more modest price increases, with Ethereum up by 3.6% and Solana up by 4%. The total crypto market cap has reclaimed the $1.2 trillion line, gaining around $20 billion daily.
PEPE Coin Trading Volume the Largest after BTC and ETH
Memecoin PEPE is among the latest to drive a massive frenzy among crypto investors with a massive price rally over the last week. Over the last 24 hours, PEPE is trading at 50% gains trading at $0.000003097 with its market cap shooting to $1.2 billion.
BRC-20 Token Standard A Hotspot For New Memecoins As PEPE Soars
PEPE, a meme token based on Ethereum, has recorded massive gains of close to 38,900% ROI for early investors in its first month. This has led to increased interest in the original BRC-20 token standard, which was used to create the Bitcoin-based PEPE in March 2023. The BRC-20 token standard is an experimental mechanism for launching tokens on the Bitcoin blockchain network, created by a pseudonymous on-chain analyst called Domo.
Whale Dumps 229B PEPE After Binance Postpones PEPE Listing
A whale address that procured 570 billion PEPE tokens last month has dumped up to 229 billion tokens in the wake of the recent announcement from Binance to list the asset. Data suggests the address made a 134,882% profit on the PEPE investment and still holds over 291.9 billion tokens as a balance.
