Advertisement
AD

Main navigation

PEPE May Allow Sniping Really Good Quality Blue Chip NFT: David Gokhshtein

Advertisement
Sat, 6/05/2023 - 11:43
PEPE May Allow Sniping Really Good Quality Blue Chip NFT: David Gokhshtein
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

On Friday, founder of Gokhshtein Media, active supporter of meme cryptocurrencies, David Gokhshtein, posted several tweets about the Pepe (PEPE) meme coin as it exploded in price before and after being listed by the leading Binance exchange together with FLOKI.

"People flooring their NFTs to get into PEPE"

Gokhshtein mentioned in a recent tweet that people are rushing to sell their NFTs cheaply and fast in order to buy the PEPE meme coin with that money. This provides a great chance for somebody to snatch "some really good quality blue chip NFTs," he added.

"PEPE can attract more people than Cardano and Polkadot"

Furthermore, Gokhshtein has repeated for PEPE what he had said about Dogecoin and Shiba Inu meme coins in the past — these coins, per the influencer, can bring a lot of new retail investors into the crypto space.

A lot of the crypto industry is now occupied by memes, he said, and many people have difficulty understanding the "meme economy." This is why PEPE can bring a lot more people over than Cardano and Polkadot. Their teams and leaders "can't explain the tech to the average normie," Gokhshtein stated.

Related
Vitalik Buterin and ETH Foundation Sell $30 Million in Ethereum As ETH About to Break $2,000

PEPE trading volume nears $3 billion

According to data provided by CoinMarketCap, more and more people have been trading PEPE, boosting its trading volume. During the last 24 hours, it has surpassed $2.7 billion, nearing $3 billion.

In this metric, the trendy meme coin is now closely following USDT, BTC, ETH and USDC, as specified by Chinese crypto journalist Colin Wu in a recent tweet. The largest trading volume for PEPE now comes from the OKX exchange.

On the leading exchange Binance, which listed PEPE on Friday, the trading volume in the past 24 hours hit $1.4 billion, second to BTC and ETH.

Whales grabbing PEPE like crazy

"Smart Money" tracker @lookonchain has shared that a whale bought 760.6 billion PEPE coins at the price of $0.000002859 during the past three hours. He paid 1,128 ETH worth $2.17 million for it.

Another whale bought 414.72 billion PEPE with 622 ETH (worth $1.2 million). Prior to that, he purchased 5.55 trillion PEPE for $409,000 and sold 1.75 billion PEPE for 2,128 ETH (the equivalent of $4.18 million) with a healthy profit.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD