Pepe (PEPE) saw an increase of over 53% last week after rebounding from the $0.00000491 support level. PEPE was trading above $0.000007 at press time after breaking its uptrend on the daily chart.
It has outperformed market leaders like Bitcoin and Ethereum by 10 times over the last 7 days. Coinbase’s recent launch of meme coin perpetual contracts could be a major reason for this recovery.
Meanwhile, a new meme token making headlines is Dogeverse. Its recently launched pre-sale has attracted huge traction from investors and has raised over $11 million so far.
The whales have their eyes on PEPE
PEPE Whales have become very active since the recent Bitcoin halving. Santiment data shows a clear upward trend in transactions above $100,000 since the halving.
It is also worth noting that the supply of PEPE on exchanges has decreased during this period, showing that many investors are HODLing the meme token.
In fact, a Recent tweet from Spot On Chain shows how a whale gradually stored 211.6 billion PEPE (currently worth over $1.7 million).
One of the main reasons for recent investor optimism is the recent announcement from Coinbase to list PEPE perp contracts on its platform. This announcement also raised expectations of a potential one-time listing on Coinbase.
A prominent crypto analyst, Plazma, recently Tweeted, “Coinbase added $PEPE perpetual for institutional investors, spot is next.” He also highlighted the bullish trends on the PEPE chat and said it was a new ATH.
On its daily chart, PEPE showed a strong uptrend. The recent recovery of the meme token has given rise to a bull flag-like trend over the past two months.
Last week’s gains of over 50% helped PEPE break out of this trend and reaffirm its bullish advantage. A potential bounce from the $0.00000715 support level can help the coin continue its uptrend in the coming days.
The meme coin jumped almost 5% in the last 24 hours. According to Coinglass data, this increase was also accompanied by an increase in open interest (OI) for PEPE. Such a price increase alongside OI usually confirms a strong uptrend.
As sentiment towards PEPE turns bullish, a very interesting new meme token that has caught the attention of investors is Dogeverse.
New Trending Token Dogeverse Raises $11 Million
Dogeverse ($DOGEVERSE) is one of the hottest new cryptos offering the first multi-chain Doge token. He is inspired by a character called Cosmo, a Doge who can jump between blockchains.
It is built on a multi-chain network including Polygon, Solana, Ethereum, Base, Avalanche and BNB Chain. The main idea behind $DOGEVERSE is to break down the walls that often separate crypto communities.
The recently launched pre-sale of the meme token attracted huge traction among investors as it raised over $11 million just days after its launch.
Early investors can purchase $DOGEVERSE for just $0.000302 at the time of writing. However, this price will increase in the next pre-sale stage.
The platform also allows first-time buyers to earn high passive income through staking. Buyers can get a staking APY of almost 100% at press time. However, this rate will decrease as more people enter the staking pool.
According to the Dogeverse whitepaper, the platform has a supply cap of 200 billion DOGEVERSE tokens. It is worth noting that the project is offering 15% (30 billion) of these tokens to early buyers at a relatively lower price during the ongoing presale.
You can follow the Dogeverse on X (formerly Twitter) or enter his Telegram channel to get the latest updates and news.
Visit the Dogeverse Presale
reference: watcher.guru