- The post highlights $PEPE's 10.94% price increase to $0.00001229, outperforming other meme coins like $SHIB amid Ethereum's breakthrough above $4100, a level not seen since late 2021, signaling a shift to risk-on assets as per market data from CoinMarketCap.
- It suggests $PEPE's rise is organic, contrasting with manipulated meme coins with controlled supply, supported by a 2023 study from the Journal of Financial Economics showing 60% of meme coin pumps involve insider manipulation.
- The mention of breaking "years old resistance" aligns with Ethereum's technical breakout from a falling wedge pattern, as noted in TradingView analysis, potentially driving a broader altcoin rally including meme coins.
PEPE
0.0â
446
-7.85%
ETH
1,958.68
-6.37%
$BTC #ETHBreaks4000 #crypto #CryptoNewss #CryptoNewsCommunity #CryptoNewsđđ°đ«
BTC
68,298.23
-3.06%