Is the little frog back? PEPE surges over 17% 👀👀

4 trillion PEPE mysteriously bought on top centralized exchanges, price rises 17.4%

Pepe continues the price surge that started earlier this week. In the past 24 hours, the famous meme coin has risen by more than 17%, soaring to $0.00000174.

This was followed by a 4% decline. However, in the past hour, PEPE printed a large green candle on the hourly chart, surging 5.11%. At press time, it is trading at $0.00000801.

Since Wednesday of this week, the price has surged by 31.5%. One of the factors driving the price surge is that major US exchange Kraken has added PEPE-based margin pairs, exposing the cryptocurrency to millions of traders.

PEPE appeared in April last year. It was made by an anonymous development team and was inspired by a popular meme based on the Pepe the Frog character.

Last year, several major exchanges quickly added support for PEPE, which helped expand its popularity in the cryptocurrency market.

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