Pepe Hits New High, Whales Show Strong Interest in KangaMoon and Uniswap

The post Pepe Hits New High, Whales Show Strong Interest in KangaMoon and Uniswap appeared first on Coinpedia Fintech News

On the 27th of May 2024, Pepe crossed the $0.000017 mark thereby hitting a new all-time high. Meanwhile, as holders smile at their profits, whales are also showing strong interest in Uniswap and another promising meme coin KangaMoon. Let us find out why.

One of the Next Meme Coins To 100X Is KangaMoon

Thanks to its innovative Play-to-Earn model that combines SocialFi and GameFi, KangaMoon (KANG) is swiftly dominating the meme coin market. KangaMoon is in the bonus stage of the presale and has already raised over $7.4 million in revenue. With their own KANG characters, users will be able to engage in battle-themed tournaments within the fully immersive “Kangaverse” envisioned by the meme coin project.

Aside from playing, non-players can speculate and participate in arbitrary challenges to win various prizes. These rewards, which are typically given out as KANG tokens and other valuable in-game items, can be exchanged for real money on the KangaMoon market. In the interim, the native KANG token serves as both an in-game currency and a governance token.

The native KANG token started at $0.005 and has since increased 400% in value during the bonus presale phase, to $0.025 at this time. In addition to making substantial returns for its original investors, KangaMoon is rapidly growing, with over 32,000 registered users. The best part is that by promoting greater community involvement, RaidShark and KangaMoon’s recent partnership will only serve to boost these figures.

Despite the fact that CoinMarketCap and CoinGecko have already listed the meme coin, experts also forecast that the value of the KANG token will soar once it is listed on the BitMart exchange.

Pepe Price Surge Makes Significant Gains For Holder

To continue praising Pepe’s profits, a trader has made $3.4 million from a meagre $462 investment. It should come as no surprise given the frog meme coin’s nearly 100% increase this month, which has increased its value by over twice from the beginning and set an all-time high record of $0.00001716. Even though the Pepe price has started to stray from the ATH, this trader and the other investors were nevertheless able to make profitable investments earlier.

Through an X post, Lookonchain disclosed the tale of this Pepe trader. The article describes how, on April 15, 2013, the trader spent $462 (0.22 ETH) to purchase 324.9 billion Pepe tokens. Additionally, the trader just made a $2.53 million deposit of 182.9 billion tokens on the Binance exchange. Furthermore, the trader has already made $3.4 million this year from the sale of 42 billion Pepe tokens in July 2023 and an additional 100 billion tokens on May 4, 2024. 

Uniswap Market Cap Rises

As the Uniswap community gets ready to cast its vote on a proposal to allow protocol fees for the first time since the release of Uniswap V3, the Uniswap DEX is rapidly approaching a critical juncture. The on-chain voting process to determine whether to activate the fee switch in Uniswap V3 pools will start on Friday, May 31st, for holders of Uniswap tokens. 

This would enable the protocol to begin reimbursing holders of Uniswap tokens who have staked or delegated their governance tokens with a portion of the trading fees generated on the platform. The Uniswap Foundation released financial disclosures before the vote, showing that it presently has 730,000 UNI tokens in addition to $41.41 million in fiat and stablecoins. Meanwhile, the Uniswap market cap has risen by 1.47% to reach $6.48 billion amid these.

Does KangaMoon have the edge over Other Cryptocurrencies?

Comparing KangaMoon to many other cryptocurrencies, its market capitalization is just $25 million. This is a big advantage since it suggests that KANG’s price can increase dramatically with less new money. This is why analysts believe that KANG will be one of the next meme coins to skyrocket in value this cycle. Click on the links below to buy KANG tokens.

Website: https://Kangamoon.com/

Telegram Community: https://t.me/Kangamoonofficial