Pepe Chases Dogecoin, Shiba Inu As Congress Member Tweets Frog Meme: 'Nice Bounce Off Support Is Bullish,' Trader Announces

Pepe PEPE/USD saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend	30-Day Trend
Pepe PEPE/USD	$0.00002031	$8.5 billion	+4%	+4.7%	+152.4%
Dogecoin DOGE/USD	$0.4033	$59.3 billion	+0.14%	+1.1%	+158.4%
Shiba Inu SHIB/USD	$0.00002928	$17.3 billion	+5.7%	+16.3%	+76.1%
Dogwifhat WIF/USD	$3.13	$3.1 billion	+1.9%	+1%	+57%

Trader Notes: Crypto trader Davie Satoshi noted the bounce from key support levels as a positive sign, indicating bullish momentum may be on the horizon.

We got a nice bounce off support (former resistance)
This should be bullish for $PEPE pic.twitter.com/lPmYlhydnc
— davie satoshi (@NFTdavie) December 4, 2024

In a Fox Business interview, crypto investor Charlene Woods highlighted Pepe, Bitcoin, Solana, Chillguy as promising investments against the backdrop of President-elect Trump’s influence on the cryptocurrency market.

Whale Activity: Lookonchain data highlighted whale activity around Pepe remains high.

A whale withdrew 337.09B PEPE (worth $6.92 million) from Binance in the past 20 days.

Data Nerd showcased a whale who deposited 240 billion PEPE (worth $4.95 million) to Binance, having accumulated those tokens from Binance at average entry $0.00001516.

If the trader sells all at the current price, he will have a realized profit of around $1.31 million, with an ROI of around 36%.

Statistics: IntoTheBlock data shows large transaction volume decreasing by 27.2% and daily active addresses falling by 1%. Transactions greater than $100,000 are down from 975 to 539 in a single day. With significant gains, only 1% PEPE holders are not making a profit, while 83% are in profit.

Pepe trails only Dogecoin in 24-hour trading volume, leaving rivals like Shiba Inu and Dogwifhat behind.

Community News: Binance.US has opened deposits for Pepe, with PEPE/USDT trading set to begin on Dec. 5.

Crypto trader Plazma reported an addition of 1,646 new PEPE holders in one day as Robinhood now holds 2.6% of the total PEPE supply, 20 days after listing the meme coin.

On Dec.4, Representative Mike Collins (R-GA) tweeted a Pepe frog meme, reflecting the token’s growing popularity. Pepe is trending on platforms like TikTok and Reddit, with enthusiastic community support.

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