PEPE surpasses top memecoins with $1 billion in trading volume in 24 hours
This week, $PEPE has seen a massive spike in trading volume, surpassing other leading memecoins like $DOGE , SHIB, and WIF.
In just 24 hours, pepe has seen nearly $1 billion in trading volume, a figure that exceeds the combined volume of other top memecoins. For those keeping an eye on the numbers, the volume reached $984 million, while the combined volume of DOGE, SHIB, and WIF was $983 million.
The volume has reached about $1 billion in 24 hours, surpassing the combined volume of DOGE, SHIB, and WIF.
For the math fans, $984 million for PEPE and $983 million for everyone else combined…
Higher.
Major price action coming for pepe?
Interestingly, the address did not centralize the tokens, but rather dispersed the huge sum of money across four different wallets. As of now, none of the receiving addresses have moved or sold the tokens, which has led many to speculate on the intentions behind the move.
The sudden surge in $PEP trading volume, coupled with these large on-chain transfers, has caught the attention of the cryptocurrency community. Some are wondering about major price moves in $PEP, as large-scale token redistributions often signal potential shifts in the market. With the receiving wallets still holding the tokens, traders and analysts are closely watching for the next move. The growth of $PEP highlights the continued volatility and unpredictability of the memecoin space, and a sudden spike in trading volume can lead to unexpected price fluctuations. Whether this surge marks a blip in the market remains to be seen.
