5 Reasons To Buy & Hold Pepe Coin Right Now

Pepe Coin (PEPE): A Resounding Surge Amidst Market Excitement

Pepe Coin (PEPE), a renowned meme cryptocurrency, has recently captured the attention of crypto market traders and investors worldwide. Its price has experienced a phenomenal surge over the past few days, sparking speculations about its future trajectory. Here are the compelling reasons why now could be an opportune time for crypto enthusiasts to consider investing in PEPE.

Coinbase Expands Support for PEPE

Coinbase, a leading cryptocurrency exchange, recently launched Pepe perpetual futures contracts trading on its platform. This listing has significantly boosted PEPE's accessibility, enabling traders outside the United States to capitalize on its price movements. Following the listing, PEPE's price surged by nearly 50%, signaling the market's positive response to the news.

Accumulations by Whales and Market Makers

Blockchain data reveals a notable increase in PEPE accumulation by whales and market makers. Amber Group, a leading market maker, acquired a substantial 110 billion PEPE from Binance on April 25. Additionally, CoinGape Media's analysis highlights a 211.6 billion PEPE accumulation by a whale. These significant inflows indicate growing confidence in PEPE's potential.

Derivatives Data Supports Market Uptrend

Derivatives data paints a bullish picture for PEPE. The price of PEPE perpetual futures contracts on Coinbase has consistently exceeded its spot price , indicating a positive market sentiment. This suggests that traders anticipate further price appreciation for PEPE in the near term.