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Pepe
Meme Coins Outperform BTC, ETH and SOL as Traders Rotate Holdings
The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.
PEPE’s Surge to Top 20 Tokens Turns Early $460 Purchase to $3.4M
The recent surge in PEPE's value is partly attributed to its use as a levered bet on the growth of the Ethereum ecosystem, with traders anticipating the approval of a spot ether exchange-traded fund (ETF) in the U.S.
MOG Rallies on Anticipation of Spot Ether ETF Approval
Tokens in the Ethereum ecosystem including memecoins like MOG and PEPE surged after Bloomberg analysts raised their odds of a spot ether ETF approval to 75% from 25%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Pepe Hits All-Time High as GameStop Rally Extends
Meme coins continue to rally on the return of Keith Gill's iconic X account @TheRoaringKitty. Pepe coin reached an all-time high early in the morning. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Is Meme Coin Demand Stronger Than Ever?
The meme coin hype remains robust despite the stalled rally in bitcoin (BTC). Kaiko data reveals that meme coins continue to lead the pack when it comes to the open interest to market cap ratio for altcoins. PEPE and dogwifhat show twice the ratio relative to other altcoins. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Pepe Coin Spikes on Coinbase International Plan to List Perpetual Futures
The crypto exchange's off-shore arm will open perpetuals market for the popular meme coin on April 18.
Meme Coin Frenzy Drives Ethereum Network Fees to Nearly 2-Year High: IntoTheBlock
The increased network activity is benefitting ether investors by burning the token's supply at a faster pace, but it has also made Ethereum "unusable" for many due to sky-high transaction costs, IntoTheBlock analysts noted.
Bitcoin Tops $66K as Open Interest Hit Record High; Bullish News From Pepecoin and NodeMonkes
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin (BTC) crossed the $66,000 mark, inching closer to its lifetime peak of $69,000 set in November 2021. This comes as the value of bullish bets rose to a record-high of $27 billion, according to data from Coinglass. Plus, Pepecoin became the biggest meme coin gainer and bitcoin NFT NodeMonkes rose as the most-traded Ordinals collection in the past 24 hours.
Pepecoin Becomes Biggest Meme Coin Gainer as DOGE, SHIB Rally Eases
Meme tokens are seen as a way to bet on the growth of a blockchain, as they are considered more retail-friendly and easier to understand for new investors.
First Mover Americas: PEPE, Not BTC, Is The Top Trending Token
The latest price moves in crypto markets in context for Feb. 28, 2024.
