Global #PEPE

Hold onto your doge hats, meme coin enthusiasts! The crypto world is abuzz with activity after two major whales, big investors, deposited a combined $26 million worth of Shiba Inu (SHIB) and Pepe tokens into the Binance exchange. This news comes courtesy of Spot On Chain, a blockchain data tracker.

The meme coin market, known for its volatile nature, is currently experiencing a significant downturn, with prices of several popular tokens plummeting in recent days. Among the most affected is WIF, a prominent Solana-based meme coin, which has crashed to a three-month low, falling below the $2 mark for the first time since early March.

Recent on-chain data from IntoTheBlock reveals that a surprising 80% of Pepe (PEPE) holders are currently in profit. This figure places the memecoin ahead of Dogecoin (DOGE) in terms of holder profitability, showcasing the growing interest and potential of this new meme-based cryptocurrency.

The memecoin market, known for its volatile nature and often driven by social media trends, has rebounded strongly after a week-long corrective phase. Leading the charge are Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK), demonstrating a renewed investor interest in these digital assets.

The past week has been rough for PEPE holders, with the price dropping 15.92% in just 7 days. This has led many to wonder if the current price point could represent a potential support level.

Move over Dogecoin and Shiba Inu, there's a new frog in town – and it's hopping mad (with joy)! The memecoin Pepe defied the recent crypto slump this weekend, experiencing a surge in trading while the rest of the market remained stagnant.