While most memecoins struggle, PEPE’s price shot up by more than 15% in the last seven days, along with an increase in trading volume.
During that period, those coins were either a week high against the price of Bitcoin or very close to surpassing it. However, it was only PEPE and ApeCoin that were able to sustain their rallies.
While this happened a SmartMoney made a move that hinted at a continued price rally. According to Lookonchain’s tweet, a SmartMoney who made $1.27 million on PEPE spent 100 ETH to buy 128 billion PEPE at $0.000001443. This suggested that smart money was confident in the memecoin and expected its value to rise in the coming days.
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