Pepe Coin Skyrockets 40%, Will SHIB, DOGE, and FLOKI Follow?
Pepe Coin Surges 40%
Despite the ongoing SEC lawsuit against major exchanges like Binance and Coinbase, the cryptocurrency market has shown resilience and made a comeback. The recent bounce back was further bolstered by investment giant BlackRock’s application for a Spot Bitcoin ETF.
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Amidst this positive news, Pepe Coin (PEPE) has emerged as the biggest winner of the crypto rally, experiencing a remarkable surge of over 40% within a span of 24 hours.
While its weekly performance demonstrates a remarkable surge of 69.96%, in the past 24 hours, DOGE has seen a rise of 6.10%, currently priced at $0.06826. Over the course of 7 days, DOGE has experienced a gain of 13.61%, highlighting its steady growth.
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Must ReadSHIB and Its Rival Follow Suit
SHIB is currently priced at $0.000008195, with a notable 10.75% increase in the past 24 hours. Over the span of 7 days, SHIB has demonstrated an impressive growth of 24.81%. CoinGape also reported its burn rate spike over 7000% in 24 hours. Similarly, its rival FLOKI has shown promise, with a value of $0.00002643 and a 12.85% increase in the last 24 hours. Over the past 7 days, FLOKI has seen significant growth, boasting a rise of 26.27%.
Adding to Lookonchain, in chain Analysis platform, a prominent whale known as “0x31f5” made noteworthy purchases of PEPE just after major sell-offs were reported by CoinGape. This whale invested a staggering $4.54 million USDC and 150 ETH (equivalent to $287,000) to acquire 3.43 trillion PEPE tokens. The first transaction resulted in a substantial profit of approximately $11.47 million, while the second transaction incurred a loss of around $741,000.
PEPE has an market cap of $558,642,539, a 35% rise in last 24 hours. Due tp price surge and whale movements, the trading volume has also hiked 251.57% reaching $691,493,298.