MOG and PEPE Meme Coins Emerge as Standout Performers, Attracting Smart Money Accumulation

The last 24 hours have been a cooling period for the crypto market, this comes after adding more than $300 billion to the total market cap in the previous 10 days.

The crypto market has experienced a cooling period in the last 24 hours, following a 10-day rally that added over $300 billion to the total market capitalization. Bitcoin's price has remained stable after the surge, trading sideways.

Memecoins dominated the market on Monday and Tuesday, passing the baton to altcoins on Wednesday and Thursday.

The meme season is still underway, presenting an optimal opportunity to enter the market as the meme coin control cycle is expected to continue in the coming days.

Here's a closer look at two standout memecoins:

MOG Coin

MOG coin is an exceptional Ethereum-based memecoin, boasting a remarkable 12000% surge since its launch in July 2023. The crypto scaled its all-time high 2 days ago and has been consistently breaking its record highs.

Despite its soaring price, MOG continues to gain traction in the market.

Currently, the coin trades at $0.000001964, showing a 7-day growth of 10% and 158% in 30 days, although the coin faced a 7.4% decline in 24 hours, it managed to stay above all the moving averages.

In a recent review of Smart money wallets, MOG was noted as the most heavily accumulated token on Wednesday, with PEPE following closely behind.

The MOG/USDT 4 hr chart anticipates a rebound surge into an upward channel. Applied MACD is declining towards the middle line, indicating a possibility for further corrections.

Moreover, the Alligator indicator, which showcases the trend's movement, reveals the lines crossing each other, denoting that the price is currently in the resorting phase. Once the lines diverge, a reversal can be anticipated.

Considering MOG's presence in the smart money wallets, this coin is likely to continue making new highs in the upcoming cycles.

Traders are advised to closely monitor MOG's Price movement and smart money changes as this insight can signal major market trends and opportunities.

PEPE

The 3rd largest meme coin by marketcap, PEPE, has been the most actively traded meme coin of this cycle, notching up over 25% in the last 7 days.

PEPE's price dropped to $0.00000767 on July 5, but has since rallied 57% to reach its current price of $0.00001167. Notably, PEPE's volume on Thursday reached $1.2 Billion, surpassing DOGE at $730 million and Shba Inu at $810 million.

The Open interest data surged to $ 148 million, the highest since June 7, mainly on Bitget and OKX exchanges, indicating traders' interest in buying the asset.

Two whale trades were also observed on Thursday, with one whale purchasing 1.39 trillion Pepe tokens and another acquiring 44.9 billion and 28.3 billion, respectively.

PEPE also ranks 2nd in the smart money wallet accumulation list, next to MOG.

On the PEPE/USDT Chart, we can observe the RSI in the neutral zone, presenting more potential for correction and pullback power.

The Ichimoku cloud indicator shows the price above the clouds and trend lines aligning with the price. Typically, the price being above the clouds indicates the trend continuing in the bullish zone.

Traders should include PEPE in their close watchlist as this coin is notching up the highest activity in the wallets with mixed social sentiments.

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