PEPE coin has had more trading volume than the XRP in the last few days.
For most crypto traders, this would come as a surprise, considering that XRP has a far higher market capitalization and investor confidence than PEPE, which was only launched a few weeks ago! You could call that beginner’s luck, or whatever… It’s just interesting seeing this MEME coin give other established coins a run for their money.
PEPE is a deflationary new meme coin that was created on the Ethereum blockchain. And launched into the market on April 17th, 2023. It was created in honor of Pepe, the internet frog meme designed by Matt Furie in the 2000s. The project was designed to leverage the popularity of other other meme coins like the Dogecoin, to become a leading token among other meme coins. So far, it looks like they are on track to achieving this goal!
An anonymous Twitter Influencer first identified this trend, that PEPE’s 24-hour trading volume got to a staggering $2.37 billion, more than triple the impressive $710 million recorded by XRP on the same day. This placed PEPE in the 3rd position in daily trading volume, among non-stable coins.
If you remove the stables $PEPE is still #3 in daily volume at 2.37 billion behind #Bitcoin and #Ethereum $XRP is #4 with .71 billion pic.twitter.com/DSLqwbhFtG
— Big Dawg (@thecryptodawg) May 7, 2023
Furthermore, the bulk of PEPE’s trading volume came from Binance, which recently announced its decision to list the PEPE in its innovation zone on the 5th of May 2023. Binance’s announcement was followed by announcements from other exchange platforms like Crypto.com, KuCoin, etc. Of course, all these played a major role in the massive trading volume that has been recorded by the PEPE so far, as they helped increased investor confidence in the coin.
The new Memecoin which is just a few weeks old, has been listed among the top 100 cryptocurrencies, according to a report by Yahoo Finance.
Moreover, according to Coinmarketcap, the valuation of PEPE has increased by 19.26% in the last 24 hours, as it has been on a steady increase in the past few days. With so much achieved already by PEPE, it’s obvious that even better days are ahead for investors.
Follow us on Twitter, Facebook, Telegram, and Google News
