In recent developments, the cryptocurrency known as PEPE, which is a relatively new memecoin, experienced a substantial surge in trading volume. This increase can be attributed to the participation of large-scale investors, commonly referred to as whales, who engaged in significant transfers of PEPE tokens. According to data from Whale Alert, a single transfer involving over 1.2 trillion PEPE tokens was observed, as the tokens were moved to a Binance wallet. This transfer potentially indicates a boost in liquidity for PEPE. However, it has also sparked speculation about the possibility of a sell-off occurring in the near future. Despite this speculation, the price of PEPE has climbed to $0.00000966, marking an 8.49% increase within the last 24 hours. It is important to note, however, that the current price still stands at a considerable 43% below its highest recorded value of $0.00001718.
Elon Musk Sparks Another Memecoin Surge Key Cryptocurrencies to Keep an Eye On
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