Pepe Surges Amidst Meme Coin Market Gains; Whales Accumulated Significant PEPE During Price Dip

While the crypto system has reached a worth of $1.2 trillion, meme coin markets person experienced important gains this week, with the apical 5 meme tokens signaling some 24-hour and seven-day gains. According to caller data, pepe is starring the battalion with a 34% summation successful the past 24 hours and a 66% summation implicit the past week.

Whales Capitalize connected Price Dip arsenic Pepe Surges successful Meme Coin Market

The meme coin system witnessed a surge successful worth connected June 22, 2023, with a 6.9% summation implicit 24 hours, bringing the existent marketplace valuation to $15.5 billion astatine 8:03 a.m. Eastern Time, June 22. Leading the marketplace successful presumption of marketplace cap, dogecoin (DOGE) has risen by 3% contiguous and 8.3% implicit the past 7 days. Following intimately is shiba inu (SHIB), which experienced a 7.5% leap successful 24 hours and a 19.3% summation for the week. Collectively, DOGE and SHIB relationship for $13.8 cardinal of the wide $15.5 cardinal marketplace valuation, representing 89% of the meme economy’s value.

Among the apical 5 meme tokens, pepe (PEPE) emerged arsenic the person successful meme coin gains past week, surging by 66% against the U.S. dollar. PEPE experienced a notable summation of 34.4% successful worth successful conscionable 1 day. As of June 22, its marketplace valuation stands astatine astir $609 million. PEPE besides holds the ninth presumption successful planetary commercialized measurement among the apical 10 coins, with trades totaling $682 cardinal successful the past 24 hours.

While PEPE experienced important play gains, milady meme coin (LADYS) besides soared by 66%. However, LADYS recorded a diminution of 6.7% successful the past day. In the realm of meme coins, different notable gainers this week see floki (FLOKI), babe doge coin (BABYDOGE), dogelon mars (ELON), dejitaru tsuka (TSUKA), and volt inu (VOLT). On the different hand, jesus coin (JESUS) has experienced a 26% decrease, and barroom monster (MONSTA) is down by 24% implicit the past week.

While pepe (PEPE) has experienced a important diminution successful worth since its highs successful aboriginal May, the fig of PEPE holders has risen to 121,821 compared to the 107,617 recorded connected May 11. During that time, the apical 10 wallets held 33.93% of the full PEPE supply, but that fig has present increased to 39.92%. Likewise, the apical 100 PEPE holders person seen their stock emergence from 56.15% of the PEPE proviso to the existent 64.49%. The information indicates that arsenic PEPE prices dipped astatine the extremity of May and successful the archetypal fewer weeks of June, meme coin whales accumulated a important magnitude of PEPE.

What are your thoughts connected PEPE’s surge and the relation of meme coin whales successful accumulating PEPE during the terms dip? Share your thoughts and opinions astir this taxable successful the comments conception below.