News
PEPE Shocks Crypto Community With Steady 40% Gains; DTX Exchange draws attention with record-breaking $570,000 pre-sale
DISCLAIMER: This article is a SPONSORED press release and does not constitute Finbold editorial content. Crypto assets/products carry significant risks. Do not invest unless you are willing to lose your entire investment. For a full disclaimer, please.
The meme market saw massive ups and downs in May, as some coins earned holders millions and others led investors to significant losses amid high volatility. A popular meme coin has witnessed massive bullish momentum, creating a new all-time high and showing steady gains despite many meme coins facing a price Consolidation due to the broader market impact.
Let’s explore the performance statistics of the frontrunner among memecoins, PEPE, which leads the meme market and directs the capital funnel towards its brightest prospects.
The price of PEPE increases dramatically with a peak of 40%.
Pepe is playing a vital role in fueling the meme market with buzz. The memecoin witnessed a game-changing surge of 95% on the monthly chart and 41% on the weekly chart. Trading above the solid support level of 0.00001665 with bullish signals on the 50-day and 200-day SMAs, the PEPE memecoin is set to register further gains in the coming days.
PEPE has established itself as the best buy for the anticipated meme frenzy in the summer. Reaching a new all-time high at $0.00001722 has led investors to fill exchanges with PEPE in anticipation of further price breakdowns, highlighted by the $3.5 billion trading volume on the memecoin. At this point, both sides are possible for PEPE as traders may want to cash in on profits amid fears of price consolidation.
What was behind PEPE’s record success
PEPE’s price surge is attributed to several financial and market factors. The meme coin is an ERC20 token, and the recent hype for Ethereum ETF approval has contributed significantly to its momentum. Furthermore, the recent integration of PEPE on Nexo has also played a vital role in PEPE’s recovery as transactions for the frog-themed memecoin are simplified with Apple Pay or Google Pay
Investors are flocking to PEPE to take low entry positions as analysts express optimism for the memecoin in the coming days. According to reports, a whale has withdrawn $4.26 million worth of PEPE tokens from Binance, fueling bullish sentiment. These developments and investor confidence have led memecoin to gain prominence in the meme industry.
DTX Exchange makes headlines with $570,000 presale
Among the most emerging exchanges, DTX Exchange (DTX) holds a solid position following its surprising performance in 2024. The project raised a whopping $570,000 in the second round of public presale and shows no signs of stopping anytime soon. Global investors are exploring DTX Exchange’s innovative features aimed at transforming traditional trading patterns.
– 1000x leverage features: THE DTX’s 1000x leverage feature helps traders achieve higher market positions with low capital and profit maximization.
– Automated trading: With DTX’s lightning-fast 0.04 TPS platform, traders can enjoy a solid experience with advanced automated trading strategies to take advantage of high gains despite market volatility.
– L1 Blockchain Technology: DTX Exchange uses L1 blockchain solutions to provide traders with a fast and secure trading experience, combined with no-KYC and non-custodial wallets.
Talking about many other innovative offerings of DTX Exchange, it emerges as an all-in-one trading solution, offering profitable opportunities. The DTX token is expected to rise above $1 from its current low price of $0.04 after its mainnet launch, emerging as a top choice for investors this summer.
Learn more: