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Summary
PEPE Coin has surged over 30%, reaching a new all-time high of $0.00001422. BlockTower Capital sold 202 billion PEPE tokens for $2.8 million to Cumberland, making a 26% profit within six days.
Introduction
In the latest wave of consolidation within the global crypto market, memecoins are once again driving significant gains. Leading this surge is PEPE, which has achieved a remarkable rise of over 30%, reaching a new all-time high above $0.000014 in the early hours of trading.
Main Points
As Ethereum (ETH) demonstrates increased strength, Ethereum-based memecoins, PEPE and FLOKI are following suit, with PEPE edging closer to the top 20 tokens, with a market cap of nearly $5.6 billion. BlockTower Capital recently transferred 202 billion PEPE tokens to Cumberland for sale, resulting in a profit of $578,000 and a 26% return on investment.
Conclusion
PEPE and FLOKI have shown strong performance, with PEPE trading in an ascending channel pattern. Expectations are high for PEPE to continue its upward momentum, targeting milestones at $0.00001650 and potentially reaching new heights at $0.00002. FLOKI has also broken through a significant resistance phase, experiencing a rally exceeding 15% and moving towards the next resistance zone.
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