{"id":64808,"date":"2025-05-08T12:41:41","date_gmt":"2025-05-08T12:41:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64808"},"modified":"2025-05-08T12:41:41","modified_gmt":"2025-05-08T12:41:41","slug":"why-is-pepes-price-up-by-22-in-2-days","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64808","title":{"rendered":"Why Is PEPE\u2019s Price Up by 22% in 2 Days?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Although most of the crypto market and especially the speculative meme coin niche skyrocketed today, some are performing better than others, and PEPE falls into that category with a double-digit surge.
\nThe move has renewed optimism in the third-largest meme coin, with big promises that come on the heels of a substantial whale purchase.<\/p>\n

<\/a><\/p>\n

It was just a couple of days ago when PEPE struggled below $0.0000076. And it was just a month ago when it had plunged to a massive low of under $0.0000057. The current price tag of almost $0.0000093 means that the frog-themed meme coin has soared by roughly 22% since May 6 and by more than 60% since the early April bottom.<\/p>\n

Aside from the obvious market-related reason<\/a>, meaning that almost all cryptocurrencies are well in the green today, the other thing worth mentioning when it comes down to PEPE is the activation of a certain whale. Data from Lookonchain reveals that an unknown entity purchased 500B PEPE (worth $4.36 million) and their holdings have shot up to 2T PEPE (valued at $17.42 million).<\/p>\n

This whale just bought 500B $PEPE<\/a>($4.36M) again and currently holds 2T $PEPE<\/a>($17.42M).https:\/\/t.co\/lj4QaP0DUW<\/a> pic.twitter.com\/sx7hOqkcKG<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) May 8, 2025<\/a><\/p>\n\n

Although PEPE is still 67% away from the all-time high reached in early December, this positive rally has fueled optimism among its community, with multiple predictions <\/a>of a big year incoming for the meme coin.<\/p>\n

In terms of price action, this popular X user indicated<\/a> that PEPE is currently testing a key resistance at $0.00000926, which could send the token flying if it falls (it trades inches above it at press time).<\/p>\n

James Wynn told<\/a> his 35,000 followers on X that he had expanded his PEPE long position today. He outlined several reasons behind this move after turning \u201cinsanely bullish\u201d for the first time in a \u201cvery long time.\u201d<\/p>\n

He dismissed PEPE\u2019s brief rally at the end of 2024 as a \u201chype pump,\u201d but it wasn\u2019t the \u201cbull run pump\u201d the community had waited for.<\/p>\n

\u201cFor the past 17 weeks pepe has been bearish on the MACD on the weekly candles. Bearish momentum has been weakening and it looks like the MACD line is going to cross over the signal line and begin huge bullish momentum on macro time scales.\u201d<\/p>\n

He concluded that his long-term prediction is for PEPE\u2019s market cap to rocket to $42 billion at a minimum (matching SHIB\u2019s levels from the previous cycle) or over $100 billion (exceeding DOGE\u2019s top). PEPE\u2019s current market cap is just under $4 billion, which means that it would need to surge by 950% to reach his more modest target and by 2,400% to fly past $100 billion.<\/p>\n

The post Why Is PEPE\u2019s Price Up by 22% in 2 Days?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Although most of the crypto market and especially the speculative meme coin niche skyrocketed today, some are performing better than others, and PEPE falls into that category with a double-digit surge. The move has renewed optimism in the third-largest meme coin, with big promises that come on the heels of a substantial whale purchase. […]<\/p>\n","protected":false},"author":0,"featured_media":64809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64808"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64808"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64809"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}