As PEPA Shoots Up 17,132%, This Other Crypto Coin is Going Viral – How to Buy?
In the latest Solana meme coin pump, fresh-faced PEPA token has fired-up 17,132%, and now traders are scrambling to uncover PEPA price analysis to see if this major breakout rally can be sustained.
This article will provide an analysis of PEPA’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising investment opportunity at this time.
$pepa and $pepe to for the power couple pic.twitter.com/bcdmXz3zn5
— Cris (@crismusk) February 14, 2024
PEPA token is a Solana-based (in a move aiming to avoid high gas fees stemming from ERC-404 tokens on Ethereum), and has angled itself as ‘PEPE’s Waifu’ in a humorous play on 2023’s biggest breakout token – sending PEPA flying to Hot #1 status on DEXTools.
As price action continues to consolidate above lower support, PEPA is currently trading at a market price of $0.00000000002071 (representing a 24-hour change of +58,450%).
Upside movements swept into the chart as soon as PEPA token listed, with price surging from an opening price of $0.000000000038 to $0.00000000016 in the first 3-hours of trading.
A brief sell-off rally saw PEPA price mount an early retracement and consolidation, however, this left price poised for the major skyrocket move that took off at 4AM on February 14.
Amid an influx of almost $8m in 24-hour trading volume, PEPA price exploded +17,132% to hit an all-time high at $0.00000000062.
In the hours since, price correction has dominated movements, and consequently PEPA price has retreated down to well-defended lower support around $0.0000000002.
Consolidation comes as buy-pressure continues to hold strong, currently representing 59% of transactions over the past-hour.
Whilst PEPA’s market cap has also retraced downwards, to a present
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