As a seasoned crypto investor with a knack for spotting trends and recognizing meme-driven assets, I’ve witnessed my fair share of market volatility and price surges. However, the recent meteoric rise of PEPE, the cryptocurrency inspired by the Pepe the Frog meme, has left even me astounded.
PEpe the Frog-linked cryptocurrency, PEPE, has experienced a dramatic increase in value and market activity. As indicated by CoinMarketCap’s data, there has been a striking 322% jump in PEPE’s trading volume.
Over the past day, PEPE has experienced a remarkable increase in trading volume, reaching an astounding $2.76 billion – a 322% jump from previous levels. This significant surge in activity coincides with an extraordinary price rise, pushing PEPE to set a new record high (ATH).
PEPE’s market capitalization now stands at an impressive $4.46 billion, making it the 23rd largest cryptocurrency by market value, surpassing Uniswap. This significant growth may be indicative of increasing investor attention and market activity towards the meme-inspired PEPE cryptocurrency, as evidenced by its increased trading volumes.
As a crypto investor, I’ve noticed an exciting development with PEPE. With trading volumes picking up steam, the price of this cryptocurrency took off, reaching unprecedented heights and setting new record-highs.
After a three-year absence, Keith Gill, a well-known GameStop stock trader, recently updated his Roaring Kitty X account. Shortly following this post, PEPE‘s price reached a new record high.
As an analyst, I’ve observed that PEPE has been consistently advancing since mid-April. This upward trend became more pronounced when PEPE surpassed the daily moving average of 50 cents at $0.000073. Following two consecutive days of growth, PEPE’s price experienced a significant surge on May 13, reaching new record highs.
PEPE’s growth remains robust at press time, with the cryptocurrency trading in the positive territory as many others experienced losses. At present, PEPE has surged by 20.50% over the previous 24 hours, reaching a value of $0.0000105. Early in the day, PEPE hit new record highs of $0.000011.
As a crypto investor, I’ve noticed some significant moves by whales in the PEPE market recently. Based on data from Lookonchain, a trader just bought an enormous amount of PEPE – 195 billion tokens – for approximately $1.86 million USD. This purchase has already resulted in an impressive unrealized profit of around $236,000. Another whale made a notable transaction on Binance, buying 406.74 million PEPE worth roughly $4.26 million. They had previously sold 591.93 million PEPE, realizing a substantial gain of over $3.72 million on their PEPE investment.
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2024-05-14 15:29