Rally

2024

USDC

Read

Daily

<ul>
 <li>PEPE’s trading volume has surged by 322%, reaching $2.76 billion in the past 24 hours.</li>
 <li>PEPE’s market capitalization has jumped to $4.46 billion, making it the 23rd largest cryptocurrency by market value.</li>
 <li>Significant interest from large investors includes a $1.86 million USDC purchase and a $4.26 million acquisition from Binance.</li>
</ul>
<p>PEPE has experienced a dramatic surge in trading volume, skyrocketing by an impressive 322%. Over the last 24 hours, its <a href="https://www.coingecko.com/en/coins/pepe#:~:text=The%20trading%20volume%20of%20Pepe,recent%20rise%20in%20market%20activity." rel="noopener noreferrer nofollow">trading volume</a> has hit $2.76 billion, alongside a substantial price increase that pushed PEPE to a new all-time high.</p>
<p>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.</p>
<p>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.</p>
<p>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 $3.72 million on their PEPE investments.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">This guy spent 1.86M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 195B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> 12 hours ago and has now made an unrealized profit of $236K.<a href="https://t.co/TSngBKN2yC" rel="noopener noreferrer nofollow">https://t.co/TSngBKN2yC</a> <a href="https://t.co/Oszxx3nIO2" rel="noopener noreferrer nofollow">pic.twitter.com/Oszxx3nIO2</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1790298092534919532?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>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.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/why-everyones-talking-about-pepes-32-16-daily-spike/" rel="noopener noreferrer nofollow">Why Everyone’s Talking About PEPE’s 32.16% Daily Spike</a></li>
 <li><a href="https://cryptonewsland.com/when-will-pepe-break-the-0-00005552-threshold/" rel="noopener noreferrer nofollow">When Will PEPE Break the $0.00005552 Threshold?</a></li>
 <li><a href="https://cryptonewsland.com/pepes-impressive-week-surging-nearly-100-amidst-broader-market-rally/" rel="noopener noreferrer nofollow">PEPE’s Impressive Week: Surging Nearly 100% Amidst Broader Market Rally</a></li>
 <li><a href="https://cryptonewsland.com/pepes-bullish-surge-set-to-achieve-new-all-time-highs-soon-are-you-buying-or-selling/" rel="noopener noreferrer nofollow">PEPE’s Bullish Surge: Set to Achieve New All-Time Highs Soon – Are you Buying or Selling?</a></li>
 <li><a href="https://cryptonewsland.com/pepe-shakes-crypto-world-ada-dot-xrp-doge-shib-dethroned/" rel="noopener noreferrer nofollow">PEPE Shakes Crypto World: ADA, DOT, XRP, DOGE, SHIB Dethroned</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/pepe-soars-322-trading-volume-surge-sparks-price-rally/" rel="noopener noreferrer nofollow">PEPE Soars: 322% Trading Volume Surge Sparks Price Rally</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

PEPE Soars: 322% Trading Volume Surge Sparks Price Rally

Crypto News Land

Outros artigos publicados em 14 de mai. de 2024

Floki Fever As DAO Burns Billions, FLOKI Price Skyrockets!

Toncoin Outperforms Bitcoin Despite Market Fluctuations

XRP Sees 600% Inflow Surge Amid Market Uncertainty

Roaring Kitty Price Prediction: KITTY Soars 248% After Keith Gill Returns As The Dogeverse ICO Of...

Bitcoin Sees Significant Market Shift

Ethereum Fees Drop to Seven-Month Low as L2 Competition Heats Up

Receba nossa newsletter para saber diariamente as novidades das criptomoedas!