- The PEPE staff introduced that 418 billion PEPE will likely be despatched to Binance to be distributed as rewards in a sequence of campaigns.
- At press time, PEPE was buying and selling at $0.0000012 after its worth rose by 5+% prior to now day.
- If bullish momentum continues, PEPE’s worth might climb as excessive as $0.000001378 quickly.
The official Pepe (PEPE) X account introduced earlier immediately that 418 billion PEPE tokens are set to be moved from the staff’s pockets. The X submit acknowledged that the tokens will likely be despatched to Binance Earn, and will likely be distributed to Binance customers as rewards in a sequence of upcoming campaigns that will likely be introduced at a later time.
Judging from the feedback on the submit and the meme coin’s efficiency over the previous day, it looks as if the group has responded very well to the announcement. At press time, PEPE was price $0.0000012 after its worth managed to climb by 5.59% all through the previous day, based on CoinMarketCap.
This meant that PEPE was buying and selling near its 24-hour excessive worth of $0.000001236. The meme additionally noticed its intraday quantity surge by over 88%, inflicting its quantity to rise to $97.34 million.
The constructive response by PEPE additionally precipitated its market cap to extend to $449.98 million, rating it because the 88th largest token by market capitalization. This positioned it proper behind Apecoin (APE) within the 87th spot.
Moreover, PEPE ended up strengthening towards Bitcoin (BTC) by greater than 21% since yesterday. The token additionally managed to outperform many of the high 10 cryptocurrencies over the previous seven days with its +2.31% constructive weekly efficiency.
PEPE retested the important thing assist degree at $0.000001155 over the previous 3 days. The meme coin’s worth did drop beneath this degree to succeed in a low of $0.000001090 on Saturday. Since then, bulls have scooped up PEPE and had been capable of increase its worth to again above this important mark.
Ought to PEPE’s present bullish momentum proceed, the altcoin’s worth might quickly try a problem on the subsequent main resistance degree. On this bullish situation, PEPE might soar to as excessive as $0.000001378 within the subsequent few days.
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