The bigger picture on $PEPE is getting interesting.
Years of price action have formed a massive inverse H&S pattern.
Now the weekly neckline is breaking, opening the door for a potential long-term rally.
$PEPE has been making its way higher inside this ascending channel, with multiple reactions around the lower boundary
We just got another aggressive dip into that area
If buyers keep defending it, the structure stays alive
If it breaks, all those confident bulls might suddenly discover what risk management means tbh
while the market is bleeding red, $PEPE is refusing to fold πΈπ
holding strong, climbing the ranks, and reminding everyone that meme season never really ends.
the pond is looking greener than the rest of the market ππ
bullish on the frog.
Justin Sun (@justinsuntron) wallets and a $51.25M $PEPE bag πΈ
Why $PEPE is outrunning the memecoins while $SHIB sits near a July low. Watch the full deep dive π₯
PEPE Is Closing In on SHIB in the Memecoin Rankings
$PEPE is closing in on $SHIB, according to CoinGecko data as of November 11.
PEPE's market capitalization stands at roughly $2.11 billion, while SHIB's is $2.61 billion.
SHIB currently leads PEPE by 1.24x. A rise of just 24-25% is needed for PEPE to dethrone SHIB while SHIB remains flat.
Over the last 30 days, PEPE has gained roughly 19%, while SHIB, along with other key memecoins, has declined. PEPE also enjoys much higher trading volumes, with $696 million on PEPE versus $51 million for SHIB.
Memecoins are highly volatile; hence, the likelihood of a dethroning remains uncertain.
PEPE has had a busy few weeks since mid-October.
The appetite for memecoins hasnβt faded, as @pepecoineth ($PEPE), the frog-themed memecoin on Ethereum, has been on the rise for most of the past 30 days.
Here are some key developments:
[Oct 18] PEPE rose 4.7% after 7.2T tokens moved to a wallet linked to Tron founder @justinsuntron. Arkham later tied nearly 3% of supply to Sun-linked wallets, making him the top individual holder
[Oct 22] PEPE gained about 6% as futures trading volume neared $900M
[Oct 30] The attacker behind the Binance breach sold 7.77T PEPE, worth about $31.7M, per Lookonchain. The price dipped briefly before buyers absorbed the sale
[Nov 9] PEPE rose more than 4% in a single hour
PEPE now trades around $0.0000052, up 1.7% in the past 24 hours.
πΈπ¨ THE MARKET IS RED, BUT $PEPE IS STANDING STRONG! π
Crypto is under pressure amid CPI concerns and rising rate-hike expectations.
But $PEPE? UP 8% TODAY! ππ₯
The King of Frogs is showing serious relative strength! π
#PEPE#Crypto
PEPE is outrunning the memecoin Pack
CoinGecko shows that $PEPE rose by approximately 33% over the last month. This coin is among the few big memecoins rising even as peers like $SHIB fall.
Some reasons include wallets linked to Justin Sun accumulating about $51 million in PEPE, according to Arkham. The market has also been able to digest heavy sell orders, and social momentum remains solid.
Worth mentioning that memecoins can reverse quickly, so a price rise does not guarantee further gains.
Guys its confirmed the #Altseason 2026 loading heavily.
The bull run is heating up, this is when #Altcoins often start to pump.
Smart money is buying early, liquidity is flowing back into alts.
The next 20x, 50x, or even 100x winners may be getting ready.
Don't blink, #Altseason is coming, follow me for more crucial updates.
$PEPE is the only green memecoin in the market.
While most of the crypto market is struggling, PEPE is quietly showing strength. πΈ
Up 85% in the last 3 months and still pushing higher.