Pepe Up 58% But ‘Just Getting Started’ Because It Could Reach ‘2021 Dogecoin, Shiba Inu Levels’
By Benzinga
Pepe (CRYPTO: PEPE) is continuing its rally on Thursday, up 58% over the past 24 hours amid new exchange listings.
What Happened: Lookonchain data shows that whales are accumulating the meme coin, including one who withdrew 197.39 billion PEPE (worth $4.8 million) from Binance after the Coinbase and Robinhood listing. Another wallet accumulated 751.59 billion PEPE ($17.89 million), Onchain Lens reported.
Pepe has outperformed its rivals Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) this week:
| Cryptocurrency | Price | Market Cap | 24-Hour Trading Volume | 24-Hour Trend | 7-Day Trend |
| Pepe | $0.00002108 | $8.9 Billion | $22.2 Billion | +58.7% | +102.7% |
| Dogecoin | $0.3914 | $57.5 Billion | $21.7 Billion | +2% | +103.6% |
| Shiba Inu | $0.00002538 | $15 Billion | $3.4 Billion | +4.6% | +35.3% |
Trader Notes: Crypto trader Smiley Capital views Pepe as potentially reaching “SHIB/DOGE 2021 levels” and expects a 5-10x gain from current levels, expecting a “generational top.”
Daniel Got Hits suggests the Robinhood listing is particularly influential due to its reach beyond just crypto-focused platforms, saying, “Coinbase is just crypto, Robinhood is basically every dude under 40 in America.”
MaxBecauseBTC echoed the sentiment, seeing Pepe as the “why didn’t I buy it” regret of this cycle and predicting it could eventually hit a $50 billion market cap. He compares Pepe to Shiba Inu after its Coinbase listing.
Statistics: Pepe has added 1,787 new holders in a day, as of November 13. Its trading volume surpassed $18 billion, flipping Solana in the process. With single-day gains of around 58% and increased volume, Pepe currently leads the meme coin market based on past 24-hour trading volume.
Community News: Upbit Korea announced support for Pepe trading effective November 14.
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Image: Shutterstock
