{"id":3269,"date":"2023-05-23T13:43:23","date_gmt":"2023-05-23T13:43:23","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=3269"},"modified":"2023-05-23T13:43:23","modified_gmt":"2023-05-23T13:43:23","slug":"does-pepes-hype-settled-or-rally-again","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/does-pepes-hype-settled-or-rally-again","title":{"rendered":"Does Pepe&#8217;s hype seem to have settled, or will there be another rally?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/does-pepes-hype-settled-or-rally-again\/#There_was_little_movement_in_memecoin_prices_last_week\" title=\"There was little movement in memecoin prices last week\">There was little movement in memecoin prices last week<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/does-pepes-hype-settled-or-rally-again\/#Is_PEPE_again_being_purchased_by_whales\" title=\"Is PEPE again being purchased by whales?\">Is PEPE again being purchased by whales?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/does-pepes-hype-settled-or-rally-again\/#A_battle_between_bulls_and_bears\" title=\"A battle between bulls and bears\">A battle between bulls and bears<\/a><\/li><\/ul><\/nav><\/div>\n<p>Metrics suggested that investors were selling their PEPE holdings since PEPE&#8217;s popularity declined since its peak.<\/p>\n<p>In addition to a decline in bullish sentiment, PEPE&#8217;s weighted sentiments shifted toward the negative.<\/p>\n<p>There was a battle between bulls and bears based on market indicators.<\/p>\n<p>PEPE&#8217;s social dominance also declined last week, which suggests less interest from investors. Trade volume is one indicator of investor interest.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3276 size-full\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype.png\" alt=\"PEPE hype\" width=\"2560\" height=\"867\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype.png 2560w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype-480x163.png 480w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype-1024x347.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype-768x260.png 768w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype-1536x520.png 1536w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-hype-2048x694.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p class=\"blog-post-sec-title\">How much does <a href=\"https:\/\/digitalcoinprice.com\/converter\/pepe\/usd\/1000\" target=\"_blank\" rel=\"noopener\">1000 PEPE currently cost in USD?<\/a><\/p>\n<h2 class=\"h2\"><span class=\"ez-toc-section\" id=\"There_was_little_movement_in_memecoin_prices_last_week\"><\/span>There was little movement in memecoin prices last week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the past 24 hours, <strong><a href=\"https:\/\/digitalcoinprice.com\/coins\/pepe\" target=\"_blank\" rel=\"noopener\">PEPE&#8217;s price<\/a><\/strong> has not moved much, as seen from the chart above.<\/p>\n<p>In terms of market capitalization, memecoin was ranked 69th out of 69 cryptos, according to CoinMarketCap. It was trading at $0.000001528 at the time of writing.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3277 size-full\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN.png\" alt=\"PEPE MEMECOIN\" width=\"2560\" height=\"867\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN.png 2560w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN-480x163.png 480w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN-1024x347.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN-768x260.png 768w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN-1536x520.png 1536w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MEMECOIN-2048x694.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p>The sentiments chart also displayed a decline in bullish sentiment toward PEPE after it spiked. Bullish sentiment declined by 56% over the last week around PEPE.<\/p>\n<h2 class=\"h2\"><span class=\"ez-toc-section\" id=\"Is_PEPE_again_being_purchased_by_whales\"><\/span>Is PEPE again being purchased by whales?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A whale activity development was highlighted by Lookonchain, despite the sluggish memecoin price action.<\/p>\n<p>It was speculated that whales accumulated the coin by withdrawing a 1.27 trillion PEPE from Binance on 18 May. This was not the case, as the ground reality was very different.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/ We noticed that BlackRock Fund withdrew 1.27T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PEPE<\/a> ($1.98M) from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Binance<\/a> to 4 addresses 2 hrs ago.<\/p>\n<p>And BlackRock Fund made $2.39M(10x) on <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PEPE<\/a> before! <a href=\"https:\/\/t.co\/WgVnCGXpnt\" target=\"_blank\">pic.twitter.com\/WgVnCGXpnt<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1659079335620362241?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 18, 2023<\/a><\/p><\/blockquote>\n<p>In Sentiments data, PEPE&#8217;s supply on exchanges spiked, whereas its supply outside exchanges plummeted. In addition, the supply of PEPE held by top addresses declined.<\/p>\n<p>As fewer new addresses are created, the token&#8217;s network growth has also fallen. Another bearish metric is the low level of outflows from exchanges.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3278 size-full\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN.png\" alt=\"PEPE the MEMECOIN\" width=\"2560\" height=\"867\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN.png 2560w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN-480x163.png 480w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN-1024x347.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN-768x260.png 768w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN-1536x520.png 1536w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-the-MEMECOIN-2048x694.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p class=\"blog-post-sec-title\"><a href=\"https:\/\/digitalcoinprice.com\/converter\/pepe\/usd\/1000\" target=\"_blank\" rel=\"noopener\">Here is PEPE&#8217;s price forecast for 2023<\/a><\/p>\n<h3 class=\"h2\"><span class=\"ez-toc-section\" id=\"A_battle_between_bulls_and_bears\"><\/span>A battle between bulls and bears<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 20-day exponential moving average (EMA) and 55-day exponential moving average (EMA) were close on the cryptocurrency&#8217;s daily chart.<\/p>\n<p>PEPE&#8217;s MACD also indicated a tussle, while Chaikin Money Flow (CMF) registered an uptick, suggesting a bearish outlook. The Relative Strength Index (RSI) remained well below neutral despite this.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3279 size-full\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MACD.png\" alt=\"PEPE MACD\" width=\"1813\" height=\"778\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MACD.png 1813w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MACD-480x206.png 480w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MACD-1024x439.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MACD-768x330.png 768w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-MACD-1536x659.png 1536w\" sizes=\"auto, (max-width: 1813px) 100vw, 1813px\" \/><\/p>\n<p class=\"blog-post-sec-title\"><a href=\"https:\/\/digitalcoinprice.com\/blog\/best-crypto-to-buy-now-top-picks\" target=\"_blank\" rel=\"noopener\">Top 10 cryptocurrencies for 30X gains in 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metrics suggested that investors were selling their PEPE holdings since PEPE&#8217;s popularity declined since its peak. In addition to a decline in bullish sentiment, PEPE&#8217;s weighted sentiments shifted toward the negative. There was a battle between bulls and bears based on market indicators. PEPE&#8217;s social dominance also declined last week, which suggests less interest from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[47,63,64],"class_list":["post-3269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates","tag-pepe","tag-pepe-hype","tag-pepe-memecoin"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=3269"}],"version-history":[{"count":4,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3269\/revisions"}],"predecessor-version":[{"id":3282,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3269\/revisions\/3282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/3280"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=3269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=3269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=3269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}