Benzinga - Pepe (CRYPTO: PEPE) continues its upward trajectory, with its 42% weekly gain prompting growing investor optimism.
What Happened: Pseudonymous cypto trader Plazma, known for his interest in Pepe, disclosed in an X post on April 25 that he recently sold all his holdings in Dogwifhat (CRYPTO: WIF) to invest in Pepe. His decision has proven fruitful, with Pepe recording a remarkable 50% increase in the past seven days. Plazma advises traders to prioritize “real memes” like Pepe over other characters promoted by the mainstream.
Pseudonymous crypto trader Plazma recently sold all his holdings in Dogwifhat (CRYPTO: WIF) to invest in Pepe.
Deleted this post but I feel like I shouldn't have.Sold all my $WIF for $PEPE 2 days ago, turned out to be a great decision.
Don't buy dogs, cats, characters, etc that the cabal pushes, buy real memes that people use and know. pic.twitter.com/NdMWYim1CT
— Plazma (@Plazma0x) April 25, 2024
The decision has proven fruitful, with Pepe recording a remarkable 42% increase in the past seven days. Plazma opines traders should prioritize “real memes” like Pepe over other characters promoted by the mainstream, stating, “Don’t buy dogs, cats, characters, etc that the cabal pushes, buy real memes that people use and know.”
Technical crypto trader and NFT tracker davie satoshi compared Pepe’s performance with that of Bitcoin, noting that while Bitcoin tends to influence Pepe’s movements, Pepe is increasingly disassociating from Bitcoin’s actions.
Despite Bitcoin’s recent declines, Pepe’s price remains higher than before, signaling a growing independence from Bitcoin’s price dynamics. Bitcoin is down 1.6% on the week, compared to Pepe’s 42% gain.
In another tweet, davie satoshi predicts Pepe to come at least close to its all-time high on the current uptrend.