Pepe is back making gains after a prolonged selloff

Its price has surged 17% in the past 24 hours, while a new Pepe-themed AI coin called MIND Of Pepe is also showing strength.

Pepe is showing strength today as three whale purchases of the meme coin were reported by on-chain analysis firm Lookonchain.

Three crypto wallets accumulated a combined $4.3 million worth of Pepe with funds sent through Tornado Cash.

The investments come as Pepe has declined sharply from its all-time high.

Its price has surged 17% in the past 24 hours.

All eyes are on Pepe today as three whale purchases of the meme coin were reported by on-chain analysis firm Lookonchain.

Three crypto wallets accumulated a combined $4.3 million worth of Pepe with funds sent through Tornado Cash.

According to Lookonchain, the investments come as Pepe is down 'considerably' from its all-time high, which may indicate that the buyers are hoping to capitalize on the selloff and encourage other traders to follow suit.

Its price has surged by a whopping 17% in the last day, canceling out the losses it endured earlier this week. Despite deep selling last week and over the weekend, Pepe now sits breakeven across the last seven days.

And look at the CoinMarketCap standout gainer list, and you’ll see Pepe leading the way. Following Pepe are Pi Network and Celestia, each up 15%.

Interest in Pepe is also visible in its 24-hour trading volume, which sits at $1 billion, up 15% in the last 24 hours. This is over 4x higher than Shiba Inu's trading volume and more than 50% of Dogecoin's, despite DOGE having a market cap 8x larger.

Pepe's performance was also buoyed by bullish Consumer Price Index (CPI) data in the United States on Wednesday. There was a monthly decline in both CPI inflation and core CPI inflation for the first time since July 2024. A slowing inflation increases the likelihood of interest rate cuts, which will drive liquidity back into risk-on assets like cryptocurrencies.

But as the market reacts to the CPI data and its potential ramifications for crypto, Pepe is catching the most attention.

According to crypto analyst Max Schwarzman, the signals from the PEPE/DOGE pair are the most important to watch in the meme coin market.

The PEPE/DOGE pair looks incredibly good.

This IS THE SIGNAL for memes… how they pair against the $BTC of meme coins ($DOGE).

This helped me catch the generational entry on $PEPE in 2023. A second chance is brewing here for those who missed it last run.https://t.co/g1EljsfJtIhttps://t.co/M7fq0p7714

— Max (@BecauseBTC) March 12, 2024

A new meme coin season could be on the horizon if the PEPE/DOGE pair is showing strength, which would put Pepe at the forefront.

Meanwhile, crypto analyst Crypto FayZ noted that a key support level has been reclaimed by Pepe, which may indicate that a trend reversal is on the horizon.

According to chart analysis shared by Crypto FayZ, if a reversal starts from here, there is "huge" room for growth as it trades down 74% from its all-time high.

$PEPE creating a reversal pattern from here pic.twitter.com/JizzvmdEwR

— CryptoFayZ🔺️ (@Crypto_Fayz) March 12, 2024

But while pepe and the broader altcoin market show strength, one crypto expert is predicting 100x gains for a pepe-themed AI coin.

According to a leading crypto expert, a new project called MIND Of Pepe could rise in value by a 100x multiple in the coming months.

Unlike Pepe and most other meme coins, MIND Of Pepe is all about providing utility. It’s a meme coin with a fully autonomous AI agent that will identify trends, interact with decentralized applications, and even launch its own tokens – all for the betterment of $MIND holders.

The agent will gather and consolidate blockchain and social media data into actionable insights to share with holders.

For instance, suppose it notices a shift in market discourse or a bump in on-chain activity for a particular narrative. In that case, the agent will pick up on it and explore the most promising trading opportunities. It’ll be like having a professional analyst working around the clock for you.

It can also trade and launch tokens based on the data it gathers.

All of this is drawing massive interest, with a Cryptonews analyst recently forecasting that $MIND could 100x.

The project is undergoing a presale and has raised $7.3 million so far.

With innovative utility and ties to the trending Pepe coin, everything is in place for MIND Of Pepe to thrive after listing on the open market.