Pepe Coin (PEPE) Surges 19% to Reclaim Position as Top Meme Coin, Daily Trade Volume Tops $1.75B

As Bitcoin (BTC) returns to the important threshold above $60,000, the meme coin market finds its own path to growth.

As Bitcoin (BTC) trades back above the key threshold of $60,000, the meme coin market is charting its own path to gains. According to CoinMarketCap, Pepe Coin (PEPE) is currently the top gainer in the last 24 hours, outpacing Mantra (OM) and Dogwifhat (WIF).

PEPE Coin Daily Trading Volume Surges Past $1.75 Billion

PEPE is now trading at around $0.00001157, up over 18.8% in the last 24 hours, continuing its bullish rally that started last week.

Its daily trading volume has surged to $1.75 billion, more than double that of WIF, according to CMC data. Ranked as the third-largest meme coin, Pepe Coin now boasts a market cap of over $4.81 billion, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB).

As reported earlier by CNF, whale investors shifted 9 trillion PEPE tokens, valued at nearly $82 million, from an unidentified wallet to the Bybit cryptocurrency exchange. Despite the massive transfer, PEPE has managed to maintain its rally.

Moreover, we highlighted the whale wallet 0x3737, which has a massive holding in PEPE. This wallet, containing 3.58 trillion tokens worth $30.87 million, has realized gains of over $30 million.

These developments indicate strong momentum for PEPE in the current market scenario. Increasing trading volumes and significant whale activity suggest heightened interest and confidence in the coin. PEPE’s surging trend could potentially challenge the dominance of larger meme tokens like DOGE and SHIB.

Meanwhile, keeping an eye on whale movements and trading volumes will be crucial in assessing PEPE’s further trajectory and ranking within the meme coin hierarchy.

The above is the detailed content of Pepe Coin (PEPE) Surges 19% to Reclaim Position as Top Meme Coin, Daily Trade Volume Tops $1.75B. For more information, please follow other related articles on the PHP Chinese website!