The Pepe token, PEPE, reached a two-week excessive of $0.000001345 as its social quantity and whale exercise witnessed a slight upward momentum.
PEPE is up by 15% previously 24 hours and is buying and selling at $0.000001335 on the time of writing. The meme coin’s market cap at present stands at roughly $557 million, with a 24-hour buying and selling quantity of $167 million.
Regardless of the latest surge, Pepe’s value remains to be down by 69% from its all-time excessive of $0.000004354 on Might 5. The asset recorded an 89% surge over the previous 30 days because the broader crypto market entered a bull run.
In accordance with knowledge supplied by the market intelligence platform Santiment, Pepe’s social quantity skyrocketed by 105% over the previous day. Knowledge reveals that the social exercise primarily comes from X (previously Twitter), Telegram, and Reddit.
Furthermore, the variety of whale transactions consisting of at the very least $100,000 value of PEPE rose by 50% previously 24 hours — mountaineering from solely eight transactions on Nov. 8 to 12 on the time of writing.
However, the variety of lively PEPE deposits to exchanges, per Santiment, has declined by 33.8% since Nov. 6. This might point out that holders are nonetheless ready for an extra value hike earlier than withdrawing funds.
In accordance with the market intelligence platform, the PEPE price-daily lively addresses (DAA) divergence at present stands at 5.8%. When the DAA divergence indicator rises, it suggests a “purchase” sign, per Santiment.
On Nov. 8, Dogecoin (DOGE) millionaire Glauber Contessoto talked about PEPE among the many prime 10 cash he’s fascinated by.
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