{"id":347293,"date":"2023-09-29T21:00:34","date_gmt":"2023-09-29T15:30:34","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=347293"},"modified":"2023-09-29T14:15:08","modified_gmt":"2023-09-29T08:45:08","slug":"how-pepe-clawed-its-way-back-to-the-top-100-club","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/how-pepe-clawed-its-way-back-to-the-top-100-club\/","title":{"rendered":"How PEPE clawed its way back to the &#8216;Top 100&#8217; club"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Two new wallets spent thousands of dollars to buy more than a trillion PEPE.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Metrics and market indicators looked bullish on the memecoin.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Pepe [PEPE]<\/span><span style=\"font-weight: 400;\"> recently witnessed a major price drop, causing it to mark an exit from the list of the top 100 cryptos. However, the winds turned in the memecoin\u2019s favor over the last few days. Buying pressure on the coin also increased, suggesting a further hike in its price.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span> <a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE&#8217;s market cap in BTC&#8217;s terms<\/span><\/a><span style=\"font-weight: 400;\">\u00a0 \u00a0<\/span><\/p>\n<hr \/>\n<h4><b>Investors are buying PEPE again<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">A few weeks ago, PEPE lost a lot of its market capitalization, which raised concerns related to the legitimacy of the memecoin. Nonetheless, things were quick to change. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, Lookonchain\u2019s 29 September tweet revealed that two fresh wallets spent a total of $801k to buy 1.08 trillion<\/span> <a href=\"http:\/\/ambcrypto.com\/doge-shib-pepe-fall-to-new-lows-is-this-just-a-passing-fad\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE<\/span><\/a><span style=\"font-weight: 400;\">. This clearly indicated that investors still had faith in the memecoin and expected it to recover in the days to come.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2 fresh wallets created 3 hrs ago spent a total of $801K to buy 1.08T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>.<\/p>\n<p>0x1f5d spent 335,349 <a href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDT<\/a> to buy 456B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>.<a href=\"https:\/\/t.co\/SwYLyQTpS6\">https:\/\/t.co\/SwYLyQTpS6<\/a><\/p>\n<p>0x0a8f spent 465,839 <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a> to buy 629B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>.<a href=\"https:\/\/t.co\/YMsNn6h48y\">https:\/\/t.co\/YMsNn6h48y<\/a> <a href=\"https:\/\/t.co\/MsrXzTeXaS\">pic.twitter.com\/MsrXzTeXaS<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1707568364573638790?ref_src=twsrc%5Etfw\">September 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">A further look at Santiment\u2019s data pointed out that buying pressure on PEPE was high, as evident from the spike in its exchange outflow. This fact was further established upon a check on its supply. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The coin\u2019s supply on exchange also declined over the last week, while its supply outside of exchange climbed. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Surprisingly, while investors\u2019 confidence in the<\/span> <a href=\"http:\/\/ambcrypto.com\/pepes-weekend-pump-hit-10-can-it-push-forward\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">memecoin<\/span><\/a><span style=\"font-weight: 400;\"> was high, whales still had doubts as the memecoin\u2019s supply held by top addresses dropped last week.<\/span><\/p>\n<figure id=\"attachment_347295\" aria-describedby=\"caption-attachment-347295\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023.png\"><img decoding=\"async\" class=\"wp-image-347295 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/Pepe-PEPE-13.16.28-29-Sep-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-347295\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>PEPE is pumping again<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The increase in buying pressure has already started to show its effects on the coin\u2019s price action. According to<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/pepe\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, PEPE was up by more than 10% in the last 24 hours alone. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, the memecoin was trading at $0.000000807 with a market capitalization of over $316 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good news was that the price uptrend was accompanied by a rise in trading volume, which acted as a foundation for the surge. Though the uptrend was encouraging, a look at PEPE\u2019s daily chart provided a better understanding of whether the memecoin will sustain the momentum.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are<\/span> <span style=\"font-weight: 400;\">1,10,100 PEPEs worth today<\/span>?<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The MACD remained in the buyers\u2019 favor as it displayed a bullish crossover. PEPE\u2019s Chaikin Money Flow (CMF) and Relative Strength Index (RSI) both registered upticks, increasing the chances of a continued uptrend. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the<\/span> <a href=\"http:\/\/ambcrypto.com\/bulls-gather-to-push-pepe-back-to-the-top-100\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">memecoin<\/span><\/a><span style=\"font-weight: 400;\">\u2019s Money Flow Index (MFI) was near the overbought zone, which could increase selling pressure in the coming days.<\/span><\/p>\n<figure id=\"attachment_347296\" aria-describedby=\"caption-attachment-347296\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32.png\"><img decoding=\"async\" class=\"wp-image-347296 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32.png\" alt=\"\" width=\"1814\" height=\"769\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32-1024x434.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-29_13-22-32-1536x651.png 1536w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-347296\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Buying pressure on PEPE increased over the last few days. As a result, the memecoin\u2019s daily chart turned green after quite some time.<\/p>\n","protected":false},"author":75,"featured_media":347316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[],"class_list":["post-347293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How PEPE clawed its way back to the &#039;Top 100&#039; club - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Pepe [PEPE] recently fell victim to a major price drop, causing it to mark an exit from the list of the top 100 cryptos.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/how-pepe-clawed-its-way-back-to-the-top-100-club\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How PEPE clawed its way back to the &#039;Top 100&#039; club - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Buying pressure on PEPE increased over the last few days. 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