PEPE and KANG witness surge in whale activity amid price rally to new all-time high

Pepe and KangaMoon token holders are seeing a surge in whale activity as their prices reach new all-time highs.

The last few weeks have been marked by intense whale activity in the crypto market, especially in Pepe (PEPE) and KangaMoon (KANG). Following both memecoins reaching new all-time highs (ATH), analysts are watching this upswing. In fact, they hint that KANG, which is now in the Bonus Stage of its presale, may become the next 50x memecoin in 2024. Let’s see why. 

Whales begin accumulating Pepe

Pepe has recently made headlines in the memecoin market. CoinMarketCap data shows that the Pepe price rose over 450% in the past year alone. It even hit a new all-time high of $0.00001096 on May 14th. Whale activity also surged as Lookonchain reports major whale activity for this memecoin. 

The technical analysis for the Pepe coin also paints a bullish picture. For example, Pepe is now trading above its weekly 21 and 50 EMAs. Not only that, there are now 24 technical indicators in the buy zone for this memecoin. Thus, experts in the crypto field have made a bullish Pepe price prediction. They forecast a potential surge to $0.0025 for PEPE within Q2 of 2024. 

KangaMoon: One of the promising new meme tokens

While Pepe remains one of the memecoins gaining traction, KangaMoon is also catching up. This presale sensation has already raised over $6M and projections suggest KangaMoon may hit the $8M mark before May 2024 ends. Furthermore, it has already promises early buyers with a 400% ROI – making its presence in the memecoin market known. 

The main selling point of this memecoin is its utility. Unlike most hype-driven memecoins, KANG will be the main in-game currency in KangaMoon’s upcoming Play-to-Earn (P2E) game. With KANG, anyone can buy in-game items or upgrade their characters. Moreover, holders of this meme coin will access exclusive challenges for extra rewards/tokens. 

At its core, KangaMoon is community-driven and aims to give back. For instance, KangaMoon now gives this memecoin for free to its most active users before its official launch. This development has caused over 20,000 registered community members to begin liking/sharing KangaMoon’s social media posts. 

This memecoin costs just $0.025 as it is in the Bonus Stage of its presale. This is a 400% rise from its starting price of $0.005. Since KANG also has connections to the P2E gaming market, projected to reach $8856M by 2028, its long-term growth potential is stellar. Market analysts forecast a 50x jump once KANG hits Tier-1 exchanges in Q2 of 2024. 

Assessing the advantage between Pepe and KangaMoon 

In the competition between Pepe and KangaMoon, KangaMoon appears to have the upper hand due to its lower market cap of $25M. This means KANG requires significantly fewer new funds for its price to increase. With this advantage, KangaMoon could become the more promising memecoin for investors.

To learn more, visit the official Kangamoon website or follow the project on Telegram.