PEPE has dipped by 0.3% in the past 24 hours, with the meme token slipping back down to $0.00001732 as the crypto market gains by 1% today.

This fall means that PEPE is now down by 6% in a week and by 26% in a month, although the Ethereum-based coin retains an impressive 1,300% increase in the past year.

And while it has fallen today, its 24-hour trading volume stands at $800 million today, marking a 20% lift from where it was only a couple of days ago.

This suggests that it could be on the brink of a new rally, with data showing that some whales have begun accumulating the coin once again.

Pepe Sees $800 Million Volume Surge – Are Whales Secretly Accumulating?

$800 million isn’t massive in volume terms, at least when compared to major tokens such as Bitcoin and Ethereum, which are recording volumes of $46.5 billion and $19 billion today.

Yet the lift PEPE has experienced does indicate the possible beginnings of a new rally, with Lookonchain data showing that one large trader withdrew 1 trillion PEPE (about $18.5 million) from Binance yesterday.

A whale withdrew 1.08T $PEPE($18.49M) from #Binance in the past 28 hours.https://t.co/VvSBg6b5J9 pic.twitter.com/mObAAjYBsF

— Lookonchain (@lookonchain) January 14, 2025

This is significant insofar as it seems to be the first big whale purchase of PEPE in several weeks, with last week seeing only transfers to exchanges.

And if we look at PEPE’s chart today, it shows the coin hitting a bottom, implying that a resurgence is on its way.

Indeed, the coin’s relative strength index (purple) fell below 30 yesterday and has since returned to 50.

We also see its 30-period moving average (orange) flatten out in relation to the 200-period average (orange), another sign that the selling is likely to end very soon.

Based on these indicators, the market has oversold PEPE in recent weeks, so buyers are likely to begin scooping up the token at a discount, boosting its price in the process.

We could see the token return to $0.000020 in the next few weeks, buoyed by the inauguration of Donald Trump.

Some analysts have pointed out that, historically, alt seasons have followed US presidential inaugurations.

PRESIDENTIAL INAUGURATION DAY
= ALTSEASON

History tells us that every after each
inauguration, Altcoin market pumps.

2017- Trump Inaguration= Alteason
2021- Biden Inauguration= Altseason
2025- Trump Inauguration= It’s yet to
happen

Ignore the short term DUMP. pic.twitter.com/3iyKSd8efq

— Ash Crypto (@Ashcryptoreal) January 10, 2025

And if such a season follows the inauguration on Monday, PEPE could even rise to $0.000025 by the end of Q1.

Could Wall Street Pepe be Set to Outperform the Original PEPE?

PEPE remains 38% down from its ATH of $0.00002803 (set on December 9, 2024), so it’s possible that traders may turn away from the token in the coming weeks.

Some may turn to newer alternatives, with several new presale coins looking very promising right now.

One of them is Wall Street Pepe (WEPE), a new ERC-20 token that has raised a humongous $48.4 million in its ongoing sale.

This figure makes Wall Street Pepe one of the biggest presales of the past few years, and sets it up incredibly well for future growth and expansion.

It has been so successful in attracting investors because its viral memes come married to some very strong fundamentals.

It will be a trending intelligence platform, providing investors with real-time trading signals, up-to-date data and exclusive tips and strategies.

On top of this, it will operate community channels and forums, where users can share advice and also compete in trading competitions.

Winners will receive rewards in WEPE, something which should incentivize greater involvement with the project, helping to support its price over time.

While the Wall Street Pepe sale will end soon, investors can still join by going to the coin’s official website.

Visit Wall Street Pepe Presale

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The crypto industry is optimistic that the United States President-elect, Donald Trump, will issue pivotal executive orders regarding the industry upon taking office on January 20. According to sources cited by the New York Post, Trump is exploring the creation of an “America-first” digital asset reserve, emphasizing cryptocurrencies developed within the United States.

The initiative aligns with previous discussions among Trump’s transition team about forming a strategic Bitcoin reserve. With his inauguration nearing, there is widespread speculation about the potential content of these executive orders and their implications for the crypto industry.

America-First Reserve to Focus on U.S. Digital Assets

Reports indicate that Trump and his team are drafting executive orders to promote cryptocurrencies. One major action under consideration is repealing the controversial crypto accounting rule, SAB 121.

The proposed “America-first” reserve could also prioritize digital assets such as XRP, Solana, and the USDC stablecoin, which have strong U.S. connections.

In light of this, during recent meetings at the Mar-a-Lago resort, Trump reportedly engaged with Ripple executives, including CEO Brad Garlinghouse and CLO Stuart Alderoty, signaling openness to their proposals. However, some have expressed concerns that Trump’s support for altcoins could overshadow efforts to enhance Bitcoin’s legitimacy and adoption.

Crypto Community Awaits Regulatory Shift

The crypto community views Trump’s inauguration as a potential turning point, following what they describe as years of regulatory hostility under the Biden administration. Measures such as “Operation Chokepoint 2.0” allegedly restricted banking access for crypto companies, stifling innovation and startups.

According to a recent article published in the Washington Post, the incoming administration is expected to address these issues through executive orders. Proposed actions include establishing a Bitcoin reserve and ending practices that have excluded crypto firms from traditional banking services.

The industry also anticipates significant regulatory changes with a reshaped SEC under the potential leadership of Paul Atkins. Meanwhile, Trump has appointed venture capitalist David Sacks as the first AI and crypto czar for the United States.

In addition, a celebratory “Crypto Ball” is planned for Friday, ahead of Trump’s inauguration, underscoring the sector’s hopes for a more favorable regulatory environment.

TL;DR

• SOL jumped to $216 before settling at $211, with analysts predicting further gains, potentially reaching $1,000 if a Solana ETF is approved.
• The crypto market revival and rumors of pro-crypto US policies under Trump might be the factors fueling the asset’s rise.

SOL on the Run

Solana (SOL) is among the best-performing cryptocurrencies today (January 16). Its price briefly jumped above $215, representing a 15% increase on a 24-hour scale. Shortly after, it slightly retraced to the current $210.

According to some industry participants, this could be just the beginning of a massive rally that may result in a new all-time high price. The popular X user Ali Martinez recently claimed that the “TD Sequential indicator” presents a buy signal on the asset’s daily chart. That said, the analyst anticipates a move toward $220.

Jelle and Satoshi Flipper were much more bullish. The former thinks a daily close above $210 might proper a bull run towards as high as $330. 

Satoshi Flipper predicted that SOL’s price could skyrocket to a whopping $1,000 sometime this year if a Solana exchange-traded fund (ETF) goes live.

As o the moment of this writing, such a product remains unavailable in the United States. Nonetheless, some prominent names such as Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital have revealed their intentions to launch that type of investment vehicle. 

The agency which approves or denies such applications is the US Securities and Exchange Commission (SEC). In less than a week, its Chairman Gary Gensler will step down and will be succeeded by the pro-crypto Paul Atkins.

Some might suggest that the new leadership could adopt a more favorable stance toward cryptocurrency-related financial products, potentially facilitating the approval process for Solana ETFs.

Is This Why SOL is Pumping?

Solana’s impressive price resurgence could be attributed to the overall revival of the cryptocurrency sector. Over the past 24 hours, the industry’s market capitalization exceeded $3.6 trillion, while Bitcoin (BTC) briefly crossed $100,000.

Another reason might be the rumors that the upcoming president of the USA, Donald Trump, is open to the idea of establishing a crypto reserve that prioritizes digital assets like Solana (SOL), Ripple (XRP), and USD Coin (USDC). The entities behind those tokens are all based on American soil.

This could be one of the factors triggering a massive price rally for XRP. As CryptoPotato reported, the asset’s valuation exploded to $3.39, missing its all-time high by just 1%.