TL;DR
- Memecoin PEPE surged nearly 50% in a week.
- PEPE burned 6.9 trillion tokens, likely contributing to its value increase, contrasting with Shiba Inu’s modest price rise post-burn.
- Anticipation of BlackRock’s BTC ETF approval in the US possibly influenced the crypto market’s rally.
The Massive Burn
Pepe Coin (PEPE), a memecoin that turned into a sensation earlier this year, has recently headed north again, hinting that the hype surrounding it has not completely evaporated. The asset has soared a whopping 33% for the past 24 hours (per CoinGecko’s data) and almost 50% on a weekly basis.
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