Today is the 329th day since I started posting updates, and I haven't missed a single day. Each post is not done half-heartedly, but rather prepared with care. If you think I am a serious person, you can join me, and I hope the content every day can help you. The world is vast, and I am small, so please follow me to avoid difficulty in finding me.



Pepe surges 40%! Bitcoin halving triggers 'extreme greed', is a new meme coin king born?
Pepe (PEPE), as a deflationary meme coin, has recently experienced explosive growth due to the Bitcoin halving effect, with prices soaring over 40%. Both trading volume and market sentiment have reached new highs, securing its position as the third largest market cap in the meme coin space. Its core mechanism drives scarcity by continuously reducing token supply, compounded by frenzied market demand, pushing prices close to historical peaks.

Data shows that Pepe has closed with a bullish candlestick 60% of the time over the past 30 trading days (18 days of price increase), and the price has long remained above the 200-day moving average, indicating a strong bullish trend technically. This reflects that investors' enthusiasm for Pepe has reached a fever pitch. The logic behind Pepe's surge aligns closely with the characteristics of meme coins—value is driven by community consensus, popularity, and market sentiment, rather than actual use cases. As risk appetite in the crypto market rises after Bitcoin's halving, Pepe has become a focal point for funds due to its high topic engagement and deflationary model. Currently, its price trend is similar to the early trajectories of predecessors like DOGE and SHIB. If the market heat continues, Pepe may further solidify its position as the "new king of meme coins."

It is worth noting that a whale purchased 500 billion PEPE worth 4.36 million dollars, adding more momentum to the upward trend. This whale currently holds 2 trillion PEPE, valued at 17.42 million dollars.

Mom went to the performance competition again today, after retiring from the unit, she has been a class leader in the university for the elderly in the past few years, positive and enthusiastic, she is my best role model, always sunny and upward. I inherited her literary and artistic cells!! Mom said that their show won the third place today, congratulations!
PEPE-1.67%
BTC-0.21%
MEME-0.05%
DOGE-2.19%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Share
Comment
0/400
GateUser-954f2c4fvip
· 05-12 12:00
Steadfast HODL💎
View OriginalReply0
JinshanYinshanvip
· 05-12 11:15
Babe, I've been in Hangzhou these past few days, just finished dinner, strolling around in my pajamas at night, so comfortable, hehe.
View OriginalReply1
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)