#ETHBreaks3700 Another one that is not playing cart my people the popular frog 🤣$PEPE 🐸
Climbing the ladder to give company to those in the TOP 5...👇🐸🐸🐸
#StablecoinLaw The 8.46% increase in 24 hours of PEPE coincides with a broader rebound of memecoins, a technical breakout above $0.00001350, and growing momentum in the Ethereum ecosystem.
1. Memecoin sector rises 29% in July - PEPE benefits from the hype led by BONK and FLOKI.
2. Breakout after 3 weeks of consolidation - Bullish MACD crossover and increasing volume.
3. Flows from the Ethereum ETF - The 24% weekly gain of ETH boosts high-risk memecoins.
The rebound of PEPE reflects a sector rotation towards memecoins, a technical push, and the spillover effect of the strength driven by the Ethereum ETF. Although the wallets of large investors control 45.72% of the supply (CoinMarketCap), the turnover ratio of 0.195 suggests that liquidity remains healthy for short-term trading.
Can PEPE maintain momentum if Bitcoin's dominance rebounds from 60.13%?.
