Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Is PEPE ready for its return? On-chain indicators have the answer
EXCHANGE NEWS

Is PEPE ready for its return? On-chain indicators have the answer

By Crypto FlexsFebruary 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is PEPE ready for its return?  On-chain indicators have the answer
Share
Facebook Twitter LinkedIn Pinterest Email

PEPE meme coins seem to have faded into the shadows as new and interesting meme coins come to the fore. This can be attributed to BONK and other Solana ecosystem meme coins that have taken away attention from the Ethereum ecosystem. But as excitement around these new meme coins begins to wane, expectations turn to the market leaders, and one of them is PEPE, which is preparing for a comeback.

What On-Chain Indicators Say About PEPE

On-chain indicators are one way to know if investor interest is directed towards a specific cryptocurrency, in this case PEPE. These indicators include weighted sentiment, volume, new holders, etc. In this case, we focus on weighted sentiment, which measures sentiment across social media platforms to determine how cryptocurrency investors view a coin.

This indicator can be especially useful in times like now when there is no clear indication of where the price of a coin is headed next. So checking out what investors are saying about PEPE on social media platforms like X (formerly Twitter) can give you a good idea of ​​where the price is headed next.

According to Weighted Sentiment from on-chain analytics tracker Santiment, PEPE appears to be quite bullish. This indicator takes into account mentions of PEPE on social media platforms over the past week and shows a significant rise in positive sentiment associated with the meme coin.

Source: Santiment

Although this indicator is not the highest since the beginning of the year, it still remains at a fairly high level, suggesting a change in average sentiment. This also coincides with a rapid increase in the holdings of the largest PEPE whales, demonstrating a willingness to build up to current levels.

Daily trading volume has increased significantly.

Weighted Sentiment is not the only PEPE metric that has increased significantly recently. In the same context, the daily trading volume of MEMCOIN is also showing an increase. According to data from CoinMarketCap, the meme coin’s trading volume increased by about 62% in the last day, reaching $89.8 million at the time of writing.

This increase in volume could indicate buying or selling, but seeing as the price of PEPE has remained stable over this period, it suggests there is more buying than selling. Given this, it could point to the bulls finally establishing support and marking $0.0000009 as a buy level. If this general bullish situation continues, Mim Coin can be expected to recover to $0.000001, which could translate into a 10% rise from here.

Last month’s decline caused PEPE to lose its position as the third-largest meme coin in the sector. It currently ranks 5th behind BONK and CorgiAI.

PEPE price chart on Tradingview.com

Token price falls to $0.000000896 | Source: PEPEUSDT on Tradingview.com

Featured image from ABP Live, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Coinbase Violation: The attacker requires a ransom of $ 20 million

May 17, 2025

How Cryptocurrencies Are Driving Tech Advances

March 14, 2024

Bitcoin traders say BTC has potential to reverse trend at $65,000

July 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.