- PEPE’s value shot up 14% as meme cash rose, with Floki and Shiba Inu among the many prime gainers
- The value of Pepe elevated as Arthur Hayes withdrew $250,000 in PEPE from Binance
- Hayes can be touting Mom Iggy (MOTHER) and Mog Coin (MOG)
Pepe’s (PEPE) value 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 latest positive factors 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 positive factors, adopted intently behind Bitcoin’s rise to $65k and prime altcoins searching for to reflect it, have seen PEPE rank among the many prime gainers on the day within the prime 100 by market cap class.
Pepe’s market cap was $4.4 billion, up 14% in 24 hours. When it comes to prime gainers within the 100 largest cash by market cap, PEPE ranked behind Wormhole (W), whose value 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 up to now 24 hours.
PEPE’s value soars amid Arthur Hayes bullish guess
The meme coin market is abuzz, with Solana-based child hippo meme Moo Deng (MOODENG) outperforming all prime 500 cash by market cap. Nonetheless, most of the different meme cash are additionally seeing first rate positive factors as merchants guess on additional upside momentum.
Crypto analyst Rekt Capital pointed to PEPE having damaged its downtrend with the most recent value 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 just lately 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 alternate Binance.
Aside from PEPE, Hayes additionally just lately 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
