- PEPE’s price shot up 14% as meme cash rose, with Floki and Shiba Inu among the many high gainers
- The price of Pepe elevated as Arthur Hayes withdrew $250,000 in PEPE from Binance
- Hayes can also be touting Mom Iggy (MOTHER) and Mog Coin (MOG)
Pepe’s (PEPE) price spiked greater than 14% in 24 hours because the meme coin reacted upwards to an enormous guess from Arthur Hayes, the previous BitMEX CEO.
The uptick follows current good points for PEPE alongside dogwifhat and Sei.
On the time of writing, the frog-themed meme coin was buying and selling at $0.00001047, having deleted one zero as costs reached intraday highs of $0.00001071. Pepe’s buying and selling quantity rose 34% to over $1.3 billion.
These good points, adopted intently behind Bitcoin’s rise to $65k and high altcoins in search of to reflect it, have seen PEPE rank among the many high gainers on the day within the high 100 by market cap class.
Pepe’s market cap was $4.4 billion, up 14% in 24 hours. By way of high gainers within the 100 largest cash by market cap, PEPE ranked behind Wormhole (W), whose price had elevated by 17% to $0.32.
Floki (FLOKI), one other flying meme coin, rose 14% whereas Shiba Inu (SHIB) additionally outpaced most altcoins with a 13% upside prior to now 24 hours.
PEPE’s price soars amid Arthur Hayes bullish guess
The meme coin market is abuzz, with Solana-based child hippo meme Moo Deng (MOODENG) outperforming all high 500 cash by market cap. Nonetheless, most of the different meme cash are additionally seeing respectable good points as merchants guess on additional upside momentum.
Crypto analyst Rekt Capital pointed to PEPE having damaged its downtrend with the newest price rally.
PEPE additionally broke its multi-month Downtrend#PEPE #crypto #BTC https://t.co/HXzveqvwN8 pic.twitter.com/bF1Df1rcAK
— Rekt Capital (@rektcapital) September 27, 2024
PEPE has attracted the eye of Hayes who’s not too long ago elevated his bullish guess on Aethir (ATH), a decentralized cloud infrastructure platform for gaming and synthetic intelligence.
In addition to including to his ATH place with one other $1.5 million buy on Friday, Hayes purchased $250,000 price of PEPE. The crypto investor and entrepreneur acquired the meme cash on crypto trade Binance.
Aside from PEPE, Hayes additionally not too long ago talked about Mom Iggy (MOTHER) and Mog Coin (MOG).
It is time for a memecoin breakout. I respect my $MOTHER, I $MOG like nobody else, however I am unable to neglect $PEPE.
Yachtzee Bitches!😘😘😘😘😘😘
— Arthur Hayes (@CryptoHayes) September 27, 2024