Pepe Coin Surges 14% in 24 Hours, Outperforming Dogecoin and Shiba Inu:
Recent Developments: Binance Introduces New Trading Pairs, Including PEPE/USDC:
Binance’s recent announcement of new trading pairs for meme coins, including PEPE/USDC, effective from March 7, has fueled Pepe’s rise.
Impressive Performance: Pepe Registers Staggering Growth Since Launch:
According to data from LBank Exchange, Pepe has recorded a remarkable surge of 36,530% since its inception.
Profitable Holdings and Increased Transactions:
Data from IntoTheBlock indicates that all Pepe holders are currently in a profitable position. Additionally, transactions exceeding $100,000 have surged to 1,241 on March 5, compared to 566 transactions on Feb. 28.
Surging Trading Volumes:
Pepe’s trading volumes have reached unprecedented levels, surpassing $3 billion, positioning it among the top 15 tokens based on current trading volumes.
Lookonchain data has brought attention to a trader who acquired 600 billion PEPE tokens from Binance at a premium price in 2023, now sitting on a profit of $3.35 million.
Significance: Pepe X (formerly Twitter) has emphasized its official bridge to both Arbitrum and Binance Smart Chain, providing traders with access to lower gas fees compared to Ethereum.
Renowned crypto YouTuber Crypto Rover recently shared on Twitter that he has experienced a remarkable surge of over 777% in the last 30 days, expressing intentions to hold until reaching “at least” $2 million and questioning whether this strategy is wise or imprudent.
Pepe was featured alongside another memecoin in a recent BloombergTV discussion debating the potential resurgence of the “meme coin era.”
Amid anticipation for a Coinbase listing, analysts maintain a positive outlook on Pepe’s future.
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