The price of Pepe Coin (PEPE), a popular meme cryptocurrency, has surged by an impressive 14% over the past 24 hours, maintaining its lead as the top gainer among meme coins in recent weeks. Currently valued at $0.00001021, PEPE has soared by 26% compared to its value two weeks ago, solidifying its position as the top-performing meme coin during this period.
Pepe's remarkable price surge has coincided with a notable uptick in trading volume, which has reached $1,680,635,438 over the past 24 hours, marking a staggering 266.40% increase from the previous day. This surge in trading activity underscores a growing interest among investors and heightened market participation in the coin.
Notably, the current price of PEPE represents a staggering 18,380.81% increase from its all-time low of $0.00000005514, recorded on April 18, 2023. Adding to the excitement surrounding Pepe Coin, a prominent investor known as Pepe Whale has recently made significant moves in the market. This whale deposited 250 billion PEPE tokens, valued at $2.67 million, onto the Binance cryptocurrency exchange. The whale originally acquired 474.95 billion PEPE for a mere $1,000 and has now realized a profit of $3.6 million following the recent deposit.
Despite the euphoria surrounding Pepe Coin's meteoric rise, some analysts warn of potential signs of a correction on the horizon. As the cryptocurrency market remains inherently volatile, investors are advised to exercise caution and closely monitor market developments to mitigate risks associated with sudden price fluctuations.
