‘Top Signal’ Prediction—Binance Bombshell Turbo Charges New $1 Billion Pepe Crypto Memecoin And Doge Rival Floki
Binance, the world’s largest crypto exchange, has helped new memecoin pepe and dogecoin rival floki soar this week, after announcing support for the two coins—despite serious pepe warnings.
The price of memecoin pepe has rocketed more than 700% over the last two weeks, pushing the new cryptocurrency to a $1 billion market capitalization. Meanwhile, dogecoin rival floki—which shares its name with Elon Musk’s shiba inu—jumped 50% this week before sliding back.
Now, following Binance’s bombshell announcement that it would add both pepe and floki to the platform’s so-called “innovation zone,” one crypto market analyst has issued a price prediction outlining when he expects “the top pepe holders to dump.”
It’s at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market
Binance chief executive Changpeng “CZ” Zhao has grown his exchange into the world’s largest crypto … [+]
“[We] can we expect the top pepe holders to dump … when the exit liquidity comes in,” crypto analyst Jack Niewold, the founder of the Crypto Pragmatist newsletter, posted to Twitter.
“A top signal is created once there is enough liquidity in the system for people to dump with size,” Niewold wrote, adding pepe “exit liquidity still hasn’t shown up yet,” and pointing to a $500,000 sale on OKX, the “most liquid venue,” will “dump the price over 2%.”
Meanwhile, Binance warned potential pepe and floki traders that the coins were being added only to its “innovation zone,” a “dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.”
Floki and pepe “are relatively new tokens that pose a higher than normal risk, and as such will likely be subject to high price volatility,” the post read, adding “pepe has no token utility or value support mechanism.”
Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious
The pepe price has surged over the last few weeks but has lost momentum over the last 24 hours after … [+]
Pepe, based on the Pepe the Frog meme that’s been adopted by various internet communities, has a “self reported” circulation of 420.69 trillion and previously attracted a warning from Messari analysts who said that while early investors may be looking at large returns on-paper, they will struggle to turn their pepe into any other cryptocurrency, let alone dollars.
Earlier this year, a similar dogecoin-challenger, the solana-based bonk, mounted a challenge to the memecoin throne but failed to hold onto its massive gains.