• PEPE value soars 14% as meme cash rise, with Floki and Shiba Inu among the many high spots
• Pepe value rises as Arthur Hayes withdraws $250,000 PEPE from Binance
• Mr. Hayes additionally promotes Mom Iggy (MOTHER) and Mogcoin (MOG)

The value of PEPE soared greater than 14% in 24 hours because the meme coin reacted increased to an enormous wager by former BitMEX CEO Arthur Hayes.

This rise follows PEPE's current rise alongside dogwifhat and Sei.

On the time of writing, the frog-themed meme coin was buying and selling at $0.00001047, with one zero eliminated as the value reached an intraday excessive of $0.00001071. Pepe's buying and selling quantity elevated 34% to greater than $1.3 billion.

These good points intently adopted Bitcoin's rise to $65,000 and high altcoins trying to mirror it, with PEPE among the many high 100 gainers by market cap class on the day. Ranked in.

Pepe's market capitalization is $4.4 billion, up 14% in 24 hours. When it comes to high gainers among the many high 100 cash by market cap, PEPE ranks second solely to Wormhole (W), which rose 17% in value to $0.32.

Floki (FLOKI), one other flying meme coin, is up 14%, whereas Shiba Inu (SHIB) can also be up 13% prior to now 24 hours, outperforming most altcoins.

PEPE value soars amid Arthur Hayes' bullish wager

The meme coin market is booming, with Solana-based child hippo meme Moo Deng (MOODENG) outpacing the entire high 500 cash by market capitalization. Nonetheless, many different meme cash have additionally made respectable good points as merchants wager on additional upward momentum.

Cryptocurrency analyst Recto Capital famous that PEPE has damaged its downward development with current value will increase.

$PEPE

PEPE additionally broke its months-long downward development.#pepe #cipher #BTC https://t.co/HXzveqvwN8 pic.twitter.com/bF1Df1rcAK

— Rect Capital (@rektcapital) September 27, 2024

PEPE has caught the eye of Hayes, who has lately elevated his bullish wager on Aethir (ATH), a decentralized cloud infrastructure platform for gaming and synthetic intelligence.

Not solely did Mr. Hayes enhance his ATH place with an extra $1.5 million buy on Friday, he additionally bought $250,000 price of PEPE. The cryptocurrency investor and entrepreneur acquired Memecoin on the cryptocurrency change Binance.

Apart from PEPE, Mr. Hayes additionally lately talked about Mom Iggy (MOTHER) and Mogcoin (MOG).

It's time for a meme coin breakout. i respect myself $momI $MOG Similar to anybody else, you possibly can't ignore it $PEPE.

Yachty bitches! 😘😘😘😘😘😘

— Arthur Hayes (@CryptoHayes) September 27, 2024