#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#内容挖矿# #PEPE会成为下一个DOGE吗？# 🐸PEPE price keeps breaking through, can it surpass DOGE?
With the continued craze for MEME coins, the market has begun speculating whether PEPE will become the leading MEME coin in 2024.
So far, the value of this multi-chain MEME coin has risen significantly, a trend exacerbated by investor sentiment shifting from Bitcoin to alternative assets.
PEPE's potential was demonstrated in an astonishing operation by a trader: he turned a $3,000 investment into $46.3 million, embodying the high risks and high returns of the cryptocurrency market at that moment.
PEPE's rise came after it landed on mainstream exchanges, further accelerated by the frenzy of well-known retail trader Keith Gill.
Can PEPE surpass Dogecoin and Shiba Inu?
The market dynamics of PEPE come from its widespread adoption and liquidity. It has nearly $60 million worth of Wrapped Ether (WETH) and over 223,000 holders, managing around 2 million transactions, indicating its strong on-chain activity.
Market sentiment is bullish, benefiting from the large purchases of whales in the PEPE ecosystem, indicating the potential for a bull market.
The Securities and Exchange Commission's potential approval of the spot Ether ETF in the United States may also boost the price of PEPE, reflecting the excitement surrounding Ethereum.