Trading volume of meme coin Pepe is up three times higher than the start of the month after suddenly falling 12% from new all-time highs on May 27. On May 5, Pepe was trading at $0.000008834, with its trading volume at $783.17 million. It's price since gained 94% to breach all-time highs on May 27, though it's slipped since and is nowtrading at $0.0000147. However, over the past 24 hours, Pepe’s trading volume reached $2.47 billion, a 216% surge from the start of the month.
is slightly up 0.47% over the past seven days. Source: CoinMarketCap While some crypto traders believe that Pepe is steering the direction of the entire meme coin market, others remain skeptical of its sudden fall after recently hitting new highs on May 27. “Pepe is pulling back so the rest of the meme coin market is too. Pepe is the meme leader right now,” pseudonymous crypto trader Nebraskangooner told his 345,700 X followers on May 30.
has experienced significant price growth, soaring by 25,955%. Just this year alone, since Jan. 1, it has surged by 1,042%. However, there have been several periods of significant volatility throughout the year, which traders have capitalized on. On May 30, Cointelegraph reported that a whale holder capitalized on the most recent spike by making nearly $5 million profit on the Pepe token within a month.
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PEPE trading volumes surge 3X from start of May just days after ATHPepe’s sudden 12% decline from hitting all-time highs just two days ago has led to a 26% uptick in trading volume over the past 24 hours.
Source: Cointelegraph - 🏆 562. / 51 Read more »