Gate News Bot Message, January 4th, according to CoinMarketCap data, as of press time, PEPE (Pepe) is trading at $0.000006, up 2.56% in the past 24 hours, reaching a high of $0.000006 and a low of $0.000004. The 24-hour trading volume is $1.044 billion. The current market cap is approximately $2.623 billion, an increase of $65.4 million from yesterday.
PEPE is the most meme-centric meme coin. The era of Dogecoin is over; it’s time for the world’s most famous meme frog, Pepe the Frog, to reclaim dominance. PEPE aims to restore the greatness of meme coins, launched with zero tax, liquidity tokens burned, and contract permissions relinquished, making it a token forever belonging to the people. The total supply is 420,690,000,000,000 tokens, driven entirely by pure meme power.
Important recent news about PEPE:
1️⃣ Liquidity recovery in the Meme coin sector, speculative funds rushing in
The meme coin sector experienced a broad rally at the start of the year. Market momentum traders are chasing a familiar pattern—after liquidity recovers, speculative funds flow from major coins into meme coins. PEPE, as one of the leading tokens, surged 19.8% in 24 hours, showing a linked effect with other sector leaders like MYRO (up 24.7% in 24H), DOGE (up 9.3% in 24H), and SHIB (up 5.7% in 24H), reflecting a rising market enthusiasm for high-risk, high-reward meme coins.
2️⃣ On-chain whale holdings strategy adjustment, leveraged long positions continue to build
Major on-chain participants have actively increased their positions during PEPE’s price rise. Notable trader James Wynn opened a 10x leveraged long position on PEPE, with a current position worth approximately $1.62 million, indicating confidence from institutions and large holders in the future prospects. Meanwhile, the whale with a 100% win rate on swings, currently at a loss of $14.24 million from a peak loss of $18.43 million, holds 13,100,000 PEPE tokens. To break even, PEPE needs to rise another 281%, but their continued holding reflects strong long-term conviction.
3️⃣ Market heat ranking improves, community attention continues to rise
PEPE ranks among the top three in the latest heat rankings, reflecting high market focus on this token. From January 2 to January 4, PEPE maintained its position as the second in heat ranking, keeping market attention high. Community activity and market enthusiasm are continuously increasing, providing market sentiment support for subsequent price increases.
This message is not investment advice. Please be aware of market volatility risks.
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