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<ul>
 <li>PEPE’s trading volume has surged by 322%, reaching $2.76 billion in the past 24 hours.</li>
 <li>PEPE’s market capitalization has jumped to $4.46 billion, making it the 23rd largest cryptocurrency by market value.</li>
 <li>Significant interest from large investors includes a $1.86 million USDC purchase and a $4.26 million acquisition from Binance.</li>
</ul>
<p>PEPE has experienced a dramatic surge in trading volume, skyrocketing by an impressive 322%. Over the last 24 hours, its <a href="https://www.coingecko.com/en/coins/pepe#:~:text=The%20trading%20volume%20of%20Pepe,recent%20rise%20in%20market%20activity." rel="noopener noreferrer nofollow">trading volume</a> has hit $2.76 billion, alongside a substantial price increase that pushed PEPE to a new all-time high.</p>
<p>PEPE’s market capitalization has also seen a significant boost, now reaching $4.46 billion. This increase has made PEPE the 23rd largest cryptocurrency by market value, overtaking Uniswap. The heightened trading activity reflects a surge in investor interest and increased market participation surrounding this meme-based digital currency.</p>
<p>Since mid-April, PEPE has been on a steady upward path, with the rally gaining momentum after PEPE surpassed the 50-day moving average at $0.000073. On May 13, PEPE’s price surged further, achieving new all-time highs. Currently, PEPE has risen by 20.50% in the past 24 hours, trading at $0.0000105 and peaking earlier at $0.000011.</p>
<p>Significant interest from large-scale investors, or “whales,” has also been observed. Lookonchain noted that a trader recently invested 1.86 million USDC to buy 195 billion PEPE, realizing an unrealized profit of $236,000. Another whale acquired 406.74 million PEPE from Binance for $4.26 million, having previously made a profit of $3.72 million on their PEPE investments.</p>
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   <p lang="en" dir="ltr">This guy spent 1.86M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 195B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> 12 hours ago and has now made an unrealized profit of $236K.<a href="https://t.co/TSngBKN2yC" rel="noopener noreferrer nofollow">https://t.co/TSngBKN2yC</a> <a href="https://t.co/Oszxx3nIO2" rel="noopener noreferrer nofollow">pic.twitter.com/Oszxx3nIO2</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1790298092534919532?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 14, 2024</a>
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<p>This rise in PEPE’s trading volume and price underscores the volatile and dynamic nature of the cryptocurrency market, especially for assets influenced by internet culture and memes.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/why-everyones-talking-about-pepes-32-16-daily-spike/" rel="noopener noreferrer nofollow">Why Everyone’s Talking About PEPE’s 32.16% Daily Spike</a></li>
 <li><a href="https://cryptonewsland.com/when-will-pepe-break-the-0-00005552-threshold/" rel="noopener noreferrer nofollow">When Will PEPE Break the $0.00005552 Threshold?</a></li>
 <li><a href="https://cryptonewsland.com/pepes-impressive-week-surging-nearly-100-amidst-broader-market-rally/" rel="noopener noreferrer nofollow">PEPE’s Impressive Week: Surging Nearly 100% Amidst Broader Market Rally</a></li>
 <li><a href="https://cryptonewsland.com/pepes-bullish-surge-set-to-achieve-new-all-time-highs-soon-are-you-buying-or-selling/" rel="noopener noreferrer nofollow">PEPE’s Bullish Surge: Set to Achieve New All-Time Highs Soon – Are you Buying or Selling?</a></li>
 <li><a href="https://cryptonewsland.com/pepe-shakes-crypto-world-ada-dot-xrp-doge-shib-dethroned/" rel="noopener noreferrer nofollow">PEPE Shakes Crypto World: ADA, DOT, XRP, DOGE, SHIB Dethroned</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/pepe-soars-322-trading-volume-surge-sparks-price-rally/" rel="noopener noreferrer nofollow">PEPE Soars: 322% Trading Volume Surge Sparks Price Rally</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

PEPE Soars: 322% Trading Volume Surge Sparks Price Rally

Crypto News Land

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