Pepe Chases Dogecoin, Shiba Inu As Congress Member Tweets Frog Meme: ‘Nice Bounce Off Support Is Bullish,’ Trader Announces
By Benzinga
Pepe (CRYPTO: PEPE) saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend | 30-Day Trend |
| Pepe (CRYPTO: PEPE) | $0.00002031 | $8.5 billion | +4% | +4.7% | +152.4% |
| Dogecoin (CRYPTO: DOGE) | $0.4033 | $59.3 billion | +0.14% | +1.1% | +158.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002928 | $17.3 billion | +5.7% | +16.3% | +76.1% |
| Dogwifhat (CRYPTO: WIF) | $3.13 | $3.1 billion | +1.9% | +1% | +57% |
Trader Notes: Crypto trader Davie Satoshi noted the bounce from key support levels as a positive sign, indicating bullish momentum may be on the horizon.
In a Fox Business interview, crypto investor Charlene Woods highlighted Pepe, Bitcoin, Solana, Chillguy as promising investments against the backdrop of President-elect Trump’s influence on the cryptocurrency market.
Whale Activity: Lookonchain data highlighted whale activity around Pepe remains high.
A whale withdrew 337.09B PEPE (worth $6.92 million) from Binance in the past 20 days.
Data Nerd showcased a whale who deposited 240 billion PEPE (worth $4.95 million) to Binance, having accumulated those tokens from Binance at average entry $0.00001516.
If the trader sells all at the current price, he will have a realized profit of around $1.31 million, with an ROI of around 36%.
Statistics: IntoTheBlock data shows large transaction volume decreasing by 27.2% and daily active addresses falling by 1%. Transactions greater than $100,000 are down from 975 to 539 in a single day. With significant gains, only 1% PEPE holders are not making a profit, while 83% are in profit.
Pepe trails only Dogecoin in 24-hour trading volume, leaving rivals like Shiba Inu and Dogwifhat behind.
Community News: Binance.US has opened deposits for Pepe, with PEPE/USDT trading set to begin on Dec. 5.
Crypto trader Plazma reported an addition of 1,646 new PEPE holders in one day as Robinhood now holds 2.6% of the total PEPE supply, 20 days after listing the meme coin.
On Dec.4, Representative Mike Collins (R-GA) tweeted a Pepe frog meme, reflecting the token’s growing popularity. Pepe is trending on platforms like TikTok and Reddit, with enthusiastic community support.
Read Next:
Image: Shutterstock
