Pepe Price Up Over 20% as Market Recovers, Pepe Unchained ICO Raises $7.4M
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Traders are clawing back yesterday’s losses with huge gains on meme coins. Frog-themed joke token Pepe is a top gainer, up over 20%. Meanwhile, the new presale Pepe Unchained is also seeing a demand surge as its total raise exceeds $7.4 million.
Pepe Price Soars as Meme Coins Gain GroundMonday’s devastating losses did not deter meme coin degens – they’re straight back to business.
It’s green across the board for the most valuable meme coins. At the top of that list lies Pepe, with a 23% gain in the last 24 hours.
But even though it has shown colossal strength, there’s room for many more gains. Currently trading at $0.000007727, it remains down 34% this week, 15% this month, and 55% from its all-time high.
Nevertheless, its 23% pump today puts it among crypto’s top gainers, indicating that further gains may follow.
For perspective, the total crypto market cap is up 7% today. Its trading volume tells the same tale.
While Pepe is the 25th largest crypto by market cap, it has the tenth-highest trading volume. All eyes are on Pepe, and this is also reflected on social media.
Saladaz highlighted that Pepe and Solana-based Dogwifhat are in pole position of market cap to trading volume ratios on CoinMarketCap.
$WIF and $PEPE at top in vol/mcap.
Probably nothing. pic.twitter.com/qNF0si51xL
Meanwhile, Top Gainer Today alludes that the recent bounce marks the end of Pepe’s bearish momentum.
According to the trader, Pepe’s price chart forms a descending channel. However, he speculates that the trend will continue to highs of $0.000025.
$PEPE will reverse from here 