PEPE outruns both SHIB and DOGE.
- Top memecoins benefit from the BlackRock BTC ETF-fueled rise.
- Developers of PEPE spend $6,000,000 PEPE on Ethereum PoS.
- The memecoin mania continues, with SHIB, DOGE, and FLOKI surging.
The unprecedented announcement that BlackRock’s ETF has been assigned a unique identifier for NASDAQ listing has spurred a massive bull run for Bitcoin and other digital assets.
Pepe (PEPE), a fading frog-themed memecoin that had fallen out of the TOP 100 by worldwide market capitalization in recent months, has blasted back with 32.6% increases in the previous 24 hours.
At 5 a.m. on Tuesday, Bitcoin surpassed the yearly high of $35,000, and all prominent memecoins followed suit. On the daily charts, DogeCoin (DOGE) displayed a dual bullish divergence: reaching $0.069, experiencing a market pullback to $0.065, and then resuming the bullish trend.
DogeCoin, the second-largest Proof-of-Work (PoW) blockchain after BTC, is one of the five popular memecoins motivated by Bitcoin’s $35K run. Shiba Inu (SHIB) rose 5.9% to $0.00000765, following a similar dual pattern to DOGE.
Finally, smaller-cap memecoins such as Floki (FLOKI) and Baby DogeCoin (BABYDOGE) have gained 47% and 15% respectively since last week. However, since late Sunday, the frog-embossed PEPE has surpassed FLOKI with a market capitalization of 131 million.
Torch 6.9T PEPE from Multi-Sig Wallet by PEPE Devs
The upstart memecoin PEPE soared today to reestablish the $0.000001 confluent resistance, which was last seen on August 21st. Due to large price volatility and a $16M withdrawal, skepticism about PEPE arose at the time.
However, things appear to have changed: the hitherto silent devs revealed, “A new team of advisors has been brought on to guide Pepe forward.” In addition, PEPE developers revealed a massive burn of 6.9 trillion $PEPE tokens from the CEX multi-sig wallet.
This equates to $6,000,000 in caecilian coin out of circulation. PEPE’s makeover is also visible in the developers’ creation of a whole new Telegram account, Enter Pepe, which had only 1,449 subscribers at the time of publication.
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