- PEPE worth shot up 14% as meme cash surged, with Floki and Shiba Inu among the many largest gainers
- The value of Pepe elevated when Arthur Hayes withdrew $250,000 in PEPE from Binance
- Hayes additionally gives Mom Iggy (MOTHER) and Mog Coin (MOG)
The value of Pepe (PEPE) jumped greater than 14% in 24 hours because the meme coin reacted upwards to an enormous wager by former BitMEX CEO Arthur Hayes.
The rise follows latest positive factors by PEPE together with dogwifhat and Sei.
On the time of writing, the frog-themed meme coin was buying and selling at $0.00001047, clearing one zero as costs hit intraday highs of $0.00001071. Pepe's enterprise quantity grew 34% to greater than $1.3 billion.
These positive factors, carefully adopted by Bitcoin's rise to $65,000 and prime altcoins attempting to reflect it, noticed PEPE among the many day's prime gainers within the prime 100 by market cap class.
Pepe's market cap was $4.4 billion, up 14% in 24 hours. When it comes to the largest positive factors within the prime 100 cash by market cap, PEPE was adopted by Wormhole (W), which rose 17% to $0.32.
Floki (FLOKI), one other flying meme coin, rose 14%, whereas Shiba Inu (SHIB) additionally outperformed most altcoins with a 13% achieve within the final 24 hours.
PEPE worth rises amid bullish Arthur Hayes wager
The meme coin market is booming, and Solana-based child hippo meme Moo Deng (MOODENG) has topped all the prime 500 cash by market cap. Nonetheless, many different meme cash additionally noticed respectable positive factors as merchants wager on additional upside momentum.
Crypto analyst Rekt Capital identified that PEPE broke its downtrend with the newest worth rally.
PEPE additionally broke its several-month downtrend#PEPE #crypto #BTC https://t.co/HXzveqvwN8 pic.twitter.com/bF1Df1rcAK
— Rekt Capital (@rektcapital) September 27, 2024
PEPE caught the eye of Hayes, who lately raised his bullish wager on Aethir (ATH), a decentralized cloud infrastructure platform for gaming and synthetic intelligence.
Along with including to his ATH place on Friday with one other $1.5 million buy, Hayes purchased $250,000 value of PEPE. A crypto investor and entrepreneur has acquired meme cash on the crypto alternate Binance.
Along with PEPE, Hayes additionally lately talked about Iggy's mom (MOTHER) and Mog Coin (MOG).
It's time to run away with memecoins. I respect mine $MOTHERI $MOG like nobody else, however I can't neglect $PEPE.
Yachtzee bitches!😘😘😘😘😘😘
— Arthur Hayes (@CryptoHayes) September 27, 2024
