Return of Memecoin Frenzy: Pepecoin Surges Amidst Whale Accumulations
Return of Memecoin Frenzy: Pepecoin Surges Amidst Whale Accumulations
Memecoins, particularly those on Solana, have
faced challenges recently as the hype has diminished. The crash of memecoins, like CUBA and LIBRA, due to concerns of pump-and-dump schemes has highlighted the risks associated with meme-based cryptocurrencies. However, Pepecoin (PEPE) has shown signs of a resurgence in the memecoin craze as it experiences a surge driven by whale acquisitions. The increased buying activity by whales, such as the recent purchases by three wallets totaling 689.79B Pepecoin, has sparked renewed interest in Pepecoin and other memecoins. The positive response in PEPE's price following the whale accumulations indicates a potential rise in demand. Despite the volatility of memecoins, the recent performance of Pepecoin suggests a growing interest that could lead to further price increases in the future.
