Pepe
Is Meme Coin Demand Stronger Than Ever?
The meme coin hype remains robust despite the stalled rally in bitcoin (BTC). Kaiko data reveals that meme coins continue to lead the pack when it comes to the open interest to market cap ratio for altcoins. PEPE and dogwifhat show twice the ratio relative to other altcoins. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Tops $66K as Open Interest Hit Record High; Bullish News From Pepecoin and NodeMonkes
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin (BTC) crossed the $66,000 mark, inching closer to its lifetime peak of $69,000 set in November 2021. This comes as the value of bullish bets rose to a record-high of $27 billion, according to data from Coinglass. Plus, Pepecoin became the biggest meme coin gainer and bitcoin NFT NodeMonkes rose as the most-traded Ordinals collection in the past 24 hours.
Pepecoin Doubles to $500M Market Cap as Memecoin Fever Steals Bitcoin's ETF Thunder
Popular memecoin PEPE has doubled in a week to a $500 million market cap as traders anticipate the etchings of a bitcoin spot ETF-induced bull market. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
PEPE Loses Nearly 80% of Its Value Since Peak in May
Meme coin PEPE fell 22% this week after losing nearly 80% of its value since its peak in May, according to CoinDesk Market Index data. This comes as data tracked by Velo Data shows that Dogecoin (DOGE) is sluggish this year as well, with most of the bearish pressure coming during European hours. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
PEPE Drops 17% as Investors Are Spooked by Strange Transfers
PEPE is plummeting roughly 17% in the last 24-hours, as strange transfers spooked investors. More than 16 trillion tokens flowed out of the PEPE multisig wallet, shortly after on-chain sleuths noted troubling changes to the oversight of how that vault-like wallet handles transaction approvals. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Why Is Meme Coin PEPE Tumbling?
PEPE's price is plunging after millions of dollars worth of the meme coin flooded crypto exchanges on Thursday, drawing attention to strange action in the project's multisig, among the single-largest holders of the joke cryptocurrency. "The Hash" panel discusses the troubling changes to the oversight of a key wallet.
Majority of Pepecoin Investors Caught in High-Stakes Game of Musical Chairs, Research Shows
The majority of Pepecoin (PEPE) investors were left playing a game of musical chairs as early participants made the bulk of gains, new research from SingularityDAO shows. "The Hash" panel discusses the state of the meme token.
Coinbase Newsletter Flags Growth of Pepecoin and BRC-20 Tokens, Irks Crypto Twitter
Crypto exchange Coinbase (COIN) flagged the growth of pepecoin (PEPE) and Bitcoin-based meme coins in its latest newsletter on Wednesday but riled up some of those on Crypto Twitter. "The Hash" panel discusses the latest developments in the meme coin economy.
Pepecoin Trading Volumes Surpass Dogecoin, Shiba Inu as Early Buyers Take Profits
Frenzied trading activity has pushed the newly launched pepe token (PEPE) to garner trading volumes higher than those of dogecoin (DOGE) and shiba inu (SHIB), otherwise the two biggest meme coins by trading volume. Since its debut a few weeks ago, PEPE briefly rocketed to a $502 million market cap following a 2,100% rise before pulling back. "The Hash" panel discusses the potential factors driving the meme economy's latest rally.
