Crypto News – Over the course of the last day, the Pepe (PEPE) meme coin’s price has soared above its main competitors, Dogecoin and Shiba Inu, recording double-digit percentage increases.
Frog Fights Dogs: Pepe Crypto Up 55%, SHIB and DOGE Fall Behind
PEPE reached nine-month highs after rising more than 55% on the last day. Technical and on-chain indications, however, point to significant upside potential for the meme coin should positive momentum continue.
Over the same period, Pepe’s remarkable single-day performance outperformed gains from the other top meme coins. In the meantime, the dog-themed meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) only managed increases of 11% and 8% respectively. Only a 20% daily gain was possible even for Bonk (BONK), which runs on the rapidly expanding Solana blockchain.
Whale Movements Seen in PEPE Crypto
PEPE’s price sees an outlier pump that pushes it above resistance that has been in place since last July, reaching about $0.000002167. There is still a market for altcoins, according to a number of measures that track increasing on-chain activity and investor interest.
The number of active wallet addresses communicating with the Pepe network increased by 85% in just four days last week. Throughout the same period, there was an increase in the quantity of significant whale transactions involving coins valued at $1 million and more than $100,000. On February 26, PEPE holders experienced a significant turnaround from the $243,000 in losses they had recorded only two days earlier, with gains of $1.7 million.
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