Here's an overview of the PEPE token on Binance as of July 27, 2024:
**Price Surge and Trading Success**: - The PEPE token experienced a notable increase of nearly 27% on July 26, 2024. - Its wave trading success rate reached 100%. - A major whale accumulated 5.12 trillion PEPE tokens starting from June 1, with an average cost of $0.00001399 per token. - The current price of PEPE stands at $0.00001245, significantly narrowing the whale's loss from $3.26 million to $800,000 compared to the low point two weeks ago.
**Binance Promotion**: - Binance introduced a promotion for users participating in Binance Loans (Flexible Rates) and using PEPE as collateral. - Users can acquire 10 million PEPE in locked products while leveraging PEPE as collateral on Binance Loans.
**Trading Pairs and Listing**: - Binance listed new trading pairs, including PEPE/FDUSD, enhancing user trading experience and broadening the range of available assets. - This contributed to the recent surge in Pepe Coin's price.
**Delisting from Loan Product**:
- Binance delisted the PEPE meme coin from its Flexible Loan product.
- Users were advised to repay all outstanding PEPE loans before June 26, 2024, to avoid potential liquidation.
**Technical Analysis**:
- Pepe's price has been navigating within a rising wedge pattern, a bullish technical signal, which could contribute to another 70% price surge by July.