PEPE, a popular meme coin, has witnessed impressive growth in the past 24 hours. CoinMarketCap data reveals that the spot trading volume of PEPE exceeded $2.7 billion, placing it just behind the trading volumes of USDT, BTC, ETH, and USDC.
Read CRYPTONEWSLAND onOKX, a leading cryptocurrency exchange, contributed the largest trading volume of $650 million. The future trading volume is primarily concentrated on Binance, where the 24-hour trading volume reached $1.4 billion. This figure puts PEPE in the third position, trailing only BTC and ETH.
The surge in PEPE’s trading volume can be attributed to a number of factors. One reason could be the increasing popularity of meme coins in the cryptocurrency market. As more and more investors show interest in these coins, the demand for them grows, leading to increased trading volume.
Another contributing factor could be the strong marketing efforts by the PEPE community. The community has been actively promoting the coin on various social media platforms, drawing more attention to the project.
As PEPE continues to gain traction in the market, investors and traders alike are curious about what comes next for the meme coin. With a rapidly growing trading volume and increasing interest from the crypto community, PEPE could potentially attract even more attention in the coming days.
However, it is important to note that meme coins can be highly volatile and unpredictable. Investors should approach them with caution and be prepared for the possibility of significant fluctuations in value.
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