- PEPE’s trading volume has surged by 322%, reaching $2.76 billion in the past 24 hours.
- PEPE’s market capitalization has jumped to $4.46 billion, making it the 23rd largest cryptocurrency by market value.
- Significant interest from large investors includes a $1.86 million USDC purchase and a $4.26 million acquisition from Binance.
PEPE has experienced a dramatic surge in trading volume, skyrocketing by an impressive 322%. Over the last 24 hours, its trading volume has hit $2.76 billion, alongside a substantial price increase that pushed PEPE to a new all-time high.
PEPE’s market capitalization has also seen a significant boost, now reaching $4.46 billion. This increase has made PEPE the 23rd largest cryptocurrency by market value, overtaking Uniswap. The heightened trading activity reflects a surge in investor interest and increased market participation surrounding this meme-based digital currency.
Since mid-April, PEPE has been on a steady upward path, with the rally gaining momentum after PEPE surpassed the 50-day moving average at $0.000073. On May 13, PEPE’s price surged further, achieving new all-time highs. Currently, PEPE has risen by 20.50% in the past 24 hours, trading at $0.0000105 and peaking earlier at $0.000011.
Significant interest from large-scale investors, or “whales,” has also been observed. Lookonchain noted that a trader recently invested 1.86 million USDC to buy 195 billion PEPE, realizing an unrealized profit of $236,000. Another whale acquired 406.74 million PEPE from Binance for $4.26 million, having previously made a profit of $3.72 million on their PEPE investments.
This rise in PEPE’s trading volume and price underscores the volatile and dynamic nature of the cryptocurrency market, especially for assets influenced by internet culture and memes.
