The Mysterious Surge of Pepe Coin: Will It Soar Again? Find Out Why!

by

Ah, the curious case of Pepe Coin! What once soared to unimaginable heights has now plummeted, leaving many a hopeful investor wondering if they should retire to a quiet country estate. The price of Pepe Coin has indeed fallen by double digits, wiping away most of the gains from its high-flying days in 2024. Alas! The coin traded at a mere $0.0000084 last Thursday, a staggering 70% drop from its December peak. But, dear reader, before you consign this little meme coin to the dustbin of history, allow me to present a few arguments as to why it might yet rise again—perhaps even to new heights.

The Tale of the Falling Wedge

Let us first consider the chart. You see, the price of Pepe Coin has formed what is known to the discerning investor as a “falling wedge.” A truly delightful term, is it not? A pattern of two descending and converging trendlines, marking the coin’s attempts to break free from the weight of its past. The upper trendline, you may note, began after the coin’s triumphant December peak, while the lower trendline made its appearance in November.

As these lines draw ever nearer, they signal that the momentum of decline may soon falter. In fact, the Average Directional Index—what a mouthful!—has fallen from a robust 40 to a more modest 32. This, my dear reader, is a clear sign that the coin’s downward spiral might be losing its grip. Meanwhile, the Relative Strength Index and the MACD oscillators have formed what we in the know call a “bullish divergence” pattern. This, of course, is a portent of good things to come—perhaps even a rise to $0.00002828, a delightful 245% increase from the present level. Who could resist such potential? 😏

The Fickle Fate of Solana Meme Coins

But wait, there is more! It is said that Pepe Coin may benefit from the fall of Solana meme coins. These coins, you see, have been losing favor, as many a promising venture has turned out to be but a fleeting folly, with rug pull scams on the rise. A particular scandal, involving one Libra coin and a certain Javier Milei, comes to mind.

Yet Pepe Coin stands apart, for it has a history. Launched in 2023, it has already surged by a staggering 3,500%. It is no fly-by-night meme coin, dear reader, but a true contender in this ever-shifting market.

The Curious Case of the Loyal Pepe Whales

Ah, but there is more to this tale. One of the most intriguing aspects of Pepe Coin is the behavior of its whales. According to the estimable Murad, a popular analyst on X (a curious place for such matters!), a full 17% of Pepe Coin whales have never sold a single coin. Such steadfast loyalty! It is a rare sight indeed. This makes Pepe Coin the third-largest token in such rarefied company, after SPX6900 and GigaChad. Could this be a sign of greater things to come? These whales certainly seem to think so, holding fast in hopes of a future rise. 🙄

A NEW onchain metric

% of Whales who have NEVER sold a SINGLE coin

Credit: @JustDeauIt @the_defi_report

— Murad 💹🧲 (@MustStopMurad) February 26, 2025

And let us not forget the growing number of Pepe holders! Despite the coin’s present travails, there are now over 406,000 holders—a number that continues to rise. It would seem, then, that there is a quiet accumulation happening, a sign that many are still hopeful of Pepe Coin’s eventual resurgence.

Read More

2025-02-27 18:15