{"id":608082,"date":"2024-05-15T08:34:54","date_gmt":"2024-05-15T08:34:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=608082"},"modified":"2024-07-11T10:14:13","modified_gmt":"2024-07-11T10:14:13","slug":"pepe-power-meme-coin-surges-on-back-of-gamestop-nostalgia","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepe-power-meme-coin-surges-on-back-of-gamestop-nostalgia\/","title":{"rendered":"Pepe Power! Meme Coin Surges On Back Of GameStop Nostalgia"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:73\"><span id=\"input-sentence~0\">The resident amphibian of the internet is back in the news, but this time Pepe the Frog is negotiating his way to the top of the bitcoin charts instead of gracing troll sites. Driven by a strong mix of nostalgia and retail investor fervour, PEPE, the meme coin honouring the internet icon, is seeing a historic rise.<\/span><span id=\"input-sentence~1\"><br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/on-a-tear-toncoin-outshines-bitcoin-with-price-surge-and-social-buzz\/\" target=\"_blank\" rel=\"noopener \">On A Tear: Toncoin Outshines Bitcoin With Price Surge And Social Buzz<\/a><\/div>\n<h2 data-sourcepos=\"5:1-5:29\"><strong>From Backwater To Bullfrog: PEPE&#8217;s Rise<\/strong><\/h2>\n<p data-sourcepos=\"7:1-7:101\"><span id=\"input-sentence~1\">The recent climb of PEPE is simply explosive. With the price at an all-time high and trading volume soaring by an amazing 300%, over 24 hours This explosive increase is accompanied by a comeback in Gamestop (GME) shares, which has many people thinking that the army of retail investors of 2021 is returning for round two armed with meme coins as their preferred weapon.<\/span><span id=\"input-sentence~2\"><br \/>\n<\/span><\/p>\n<figure id=\"attachment_608084\" aria-describedby=\"caption-attachment-608084\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-608084 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_451314.png?resize=1024%2C386\" alt=\"\" width=\"1024\" height=\"386\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_451314.png?w=1103 1103w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_451314.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_451314.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_451314.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_451314.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-608084\" class=\"wp-caption-text\">PEPE market cap. Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/pepe\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"9:1-9:308\"><span id=\"input-sentence~2\">For these digital warriors, the comeback of Keith Gill, better known online as &#8220;Roaring Kitty,&#8221; has served as a rallying cry. Gill&#8217;s unexpected statement on his inactive Reddit account rocked the market and stoked nostalgic embers of the original Gamestop saga once more.<\/span><span id=\"input-sentence~3\"> Analysts say this nostalgia has permeated the crypto market and spurred a full-scale meme coin frenzy.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"11:1-11:128\">Already showing a consistent increase since mid-April, PEPE has become the odd champion of this digital meme menagerie.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/EWpi61Cn\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">PEPE is currently trading at $0.000011. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2 data-sourcepos=\"13:1-13:38\"><strong>Whales Take A Dip In The Pepe Pond<\/strong><\/h2>\n<p data-sourcepos=\"15:1-15:355\"><span id=\"input-sentence~4\">Not only are the PEPE spike driven by small-time investors. Big money, sometimes known as &#8220;whales&#8221; in crypto terms, are also plunging right into the frenzy. On-chain data shows a whale lately paying out a cool 1.86 million USDC for an amazing 195 billion PEPE tokens.<\/span><span id=\"input-sentence~5\"> Another whale grabbed a big 424 million PEPE, which drove the price up even.<br \/>\n<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This guy spent 1.86M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USDC<\/a> to buy 195B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$PEPE<\/a> 12 hours ago and has now made an unrealized profit of $236K.<a href=\"https:\/\/t.co\/TSngBKN2yC\" rel=\"nofollow\">https:\/\/t.co\/TSngBKN2yC<\/a> <a href=\"https:\/\/t.co\/Oszxx3nIO2\" rel=\"nofollow\">pic.twitter.com\/Oszxx3nIO2<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/34919532?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 14, 2024<\/a><\/p><\/blockquote>\n<h3 data-sourcepos=\"17:1-17:44\"><strong>But Is It All Golden Memes And Rainbows?<\/strong><\/h3>\n<p data-sourcepos=\"19:1-19:158\"><span id=\"input-sentence~6\">For early adopters, PEPE&#8217;s present course is a dream come true; nevertheless, underneath the frothy surface lies a warning story. Wild volatility of meme coins is well known. Their value is frequently derived on excitement and fads on the internet rather from strong financial foundations.<\/span><span id=\"input-sentence~7\"> This implies that a rapid change in attitude could set off a significant price collapse, therefore leaving investors with the Pepe bag empty.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_608083\" aria-describedby=\"caption-attachment-608083\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-608083 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?resize=1024%2C724\" alt=\"\" width=\"1024\" height=\"724\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=1239 1239w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=120 120w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/a_f77eec.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-608083\" class=\"wp-caption-text\">Source: Lookonchain<\/figcaption><\/figure>\n<p data-sourcepos=\"21:1-21:211\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bullish-on-ethereum-analyst-calls-for-cryptos-imminent-takeoff\/\" target=\"_blank\" rel=\"noopener \">Bullish On Ethereum: Analyst Predicts Crypto\u2019s Imminent Takeoff<\/a><\/p>\n<p data-sourcepos=\"21:1-21:211\">Moreover, PEPE is a rather new participant in the crypto scene with unknown future. PEPE lacks a demonstrated track record unlike more well-known cryptocurrencies. Its long-term survival is yet a mystery.<\/p>\n<p data-sourcepos=\"27:1-27:309\"><em>Featured image from @GameStopPepe\/X, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The resident amphibian of the internet is back in the news, but this time Pepe the Frog is negotiating his way to the top of the bitcoin charts instead of gracing troll sites. Driven by a strong mix of nostalgia and retail investor fervour, PEPE, the meme coin honouring the internet icon, is seeing a historic rise. Related Reading: On A Tear: Toncoin Outshines Bitcoin With Price Surge And Social Buzz From Backwater To Bullfrog: PEPE&#8217;s Rise The recent climb of PEPE is simply explosive. With the price at an all-time high and trading volume soaring by an amazing 300%, over 24 hours This explosive increase is accompanied by a comeback in Gamestop (GME) shares, which has many people thinking that the army of retail investors of 2021 is returning for round two armed with meme coins as their preferred weapon. For these digital warriors, the comeback of Keith Gill, better known online as &#8220;Roaring Kitty,&#8221; has served as a rallying cry. Gill&#8217;s unexpected statement on his inactive Reddit account rocked the market and stoked nostalgic embers of the original Gamestop saga once more. Analysts say this nostalgia has permeated the crypto market and spurred a full-scale meme coin frenzy. Already showing a consistent increase since mid-April, PEPE has become the odd champion of this digital meme menagerie. Whales Take A Dip In The Pepe Pond Not only are the PEPE spike driven by small-time investors. Big money, sometimes known as &#8220;whales&#8221; in crypto terms, are also plunging right into the frenzy. On-chain data shows a whale lately paying out a cool 1.86 million USDC for an amazing 195 billion PEPE tokens. Another whale grabbed a big 424 million PEPE, which drove the price up even. This guy spent 1.86M $USDC to buy 195B $PEPE 12 hours ago and has now made an unrealized profit of $236K.https:\/\/t.co\/TSngBKN2yC pic.twitter.com\/Oszxx3nIO2 \u2014 Lookonchain (@lookonchain) May 14, 2024 But Is It All Golden Memes And Rainbows? For early adopters, PEPE&#8217;s present course is a dream come true; nevertheless, underneath the frothy surface lies a warning story. Wild volatility of meme coins is well known. Their value is frequently derived on excitement and fads on the internet rather from strong financial foundations. This implies that a rapid change in attitude could set off a significant price collapse, therefore leaving investors with the Pepe bag empty. Related Reading: Bullish On Ethereum: Analyst Predicts Crypto\u2019s Imminent Takeoff Moreover, PEPE is a rather new participant in the crypto scene with unknown future. PEPE lacks a demonstrated track record unlike more well-known cryptocurrencies. Its long-term survival is yet a mystery. Featured image from @GameStopPepe\/X, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":608092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,88145,88163,3505],"class_list":["post-608082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-pepe","tag-pepe-coin","tag-price-analysis"],"acf":[],"yoast_head":"\n<title>Pepe Power! Meme Coin Surges on Back of GameStop Nostalgia<\/title>\n<meta name=\"description\" content=\"The resident amphibian of the internet is back in the news, but this time Pepe the Frog is negotiating his way to the top of the bitcoin charts instead of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/pepe-power-meme-coin-surges-on-back-of-gamestop-nostalgia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pepe Power! 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Pepe Power! 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