PEPE, a meme coin featuring frog-themed imagery, has witnessed a remarkable surge in value, potentially attracting the attention of market whales looking to capitalize on its rise. In the past 24 hours alone, PEPE has seen a 2.15% increase, reaching $0.00001654, marking a substantial 75% climb over the week. This bullish momentum has not only set a positive trend for other meme coins but also led PEPE to achieve several all-time highs this month, with the latest peak hitting $0.00001718. Notably, recent on-chain data shows a significant withdrawal of 182.7 billion PEPE, valued at around $3.1 million, from OKX within an hour, suggesting a notable shift in confidence among holders. Despite the potential for profit-taking, holders seem cautious, as indicated by data showing increased concentration among them. Additionally, PEPE is poised to surpass Polygon in market capitalization, currently standing at $6.98 billion compared to Polygon's $7.21 billion, and could potentially outpace other major cryptocurrencies like Near, Bitcoin Cash, and Tron, as it previously did with Ethereum Classic. This surge underscores PEPE's potential to make significant strides in the cryptocurrency market.

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