Pepe, Shiba Inu Lead Recovery Amid Broader Slump —Trader Says Those Buying PEPE Now Would Sit Pretty During The Memecoin’s Next Retrace

Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) notched sizable gains Tuesday even as the broader market sentiment was grim following Bitcoin’s (CRYPTO: BTC) precipitous drop.

What happened: Frog-themed Pepe rallied over 6% in the last 24 hours, while the trading volume jumped 12.26% to over $1 billion. Among meme coins with over a billion dollars in capitalization, Pepe gained the most.

Chandler, a prominent Pepe bull, stated that, while the coin was down 70% from its highs, anyone buying the present dip would be up +800% in the next significant retrace.

Full story available on Benzinga.com