PEPE Shrugs Off Memecoin Declines As Whales Load Up On Coins: Here’s Why This Analyst Thinks The Frog-Themed Crypto Could Rally 30-35%

Frog-themed cryptocurrency Pepe (CRYPTO: PEPE) defied the broader slump in the meme coin market to post gains on Monday.

What happened: The Ethereum (CRYPTO: ETH)-based coin was up 1.25% in the last 24 hours, contrasting with the sharp decline in blue-chip meme coins. 

Indeed, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fell 2.97% and 1.85%, respectively, while the overall meme coin market capitalization fell 2.9%.

PEPE, on the other hand, traded in the green, with trading volumes surging by 164% to $982.68 million.

See Also: PlanB Shifts Bitcoin Holdings To ETFs Saying He’s No Longer A ‘Maxi’ — …

Full story available on Benzinga.com