The popular meme coin PEPE recently topped the list of major crypto exchange OKX. This move has created excitement among investors who believe that PEPE has the potential to become a major player in the crypto market and meme coin industry.
PEPE coin leaps into the big leagues!
cryptocoin.comAs you follow, the latest listing on OKX has been an important milestone for PEPE. The listing has expanded the possibility of further investing in the meme coin. Because OKX is one of the largest cryptocurrency exchanges in the world. The listing requirements are pretty rigorous. This reflects the growing enthusiasm generated by the cryptocurrency. This move also bodes well for the future of PEPE as it could lead to additional listings on other major exchanges.
There is also speculation that Binance, another major player in the crypto space, may list PEPE if it meets its criteria. Binance CEO Changpeng Zhao recently hinted at this possibility at an AMA session. This further fueled the excitement around the meme coin.
In the midst of these developments, there has been over 90% increase in the value of the meme coin since yesterday. In the latest case, PEPE rose to 101st place in terms of market capitalization in the cryptocurrency market. Currently, the meme coin has reached a market cap of over $435 million.
Meme coin has taken the crypto world by storm!
According to Lookonchain, a blockchain analytics firm, three “SmartMoneys” have sold a portion of their PEPE holdings. He also made over $1 million in profits from these transactions. This impressive feat was recorded in just two weeks.
Lookonchain reports that an investor has made substantial profits by investing in PEPE. According to Lookonchain, the wallet owner has purchased 5.42 trillion PEPE tokens for the equivalent of 1 Ethereum worth approximately $2,100. The wallet owner has sold 3.42 trillion PEPE tokens for 929 Ethereum worth approximately $1.77 million. Despite selling some assets, this person still has 2 trillion PEPE tokens, worth about $2.37 million at current market prices. If this investor sells his remaining tokens at the current market price, he could potentially make a profit of around $4.14 million.
Also, a user using dimethyltryptamine.eth made a substantial profit by investing in the cryptocurrency project. Lookonchain reported that the user purchased 5.9 trillion PEPE for 0.125 ETH, worth about $251. Dimethyltryptamine.eth has sold 2 trillion tokens for 560 Ethereum worth approximately $1.06 million. Although Dimethyltryptamine.eth has sold some of its holdings, it has 3.9 trillion PEPE tokens worth about $2.37 million at current market prices.
Pepe (PEPE) surpasses Dogecoin (DOGE) in trading volume
Meanwhile, Pepe (PEPE) has surpassed Dogecoin (DOGE) in trading volume. Thus, it marked an important milestone for the controversial cryptocurrency. Pepe’s 24-hour trading volume reached $434 million compared to Dogecoin’s $312 million, according to data from CoinGecko. Launched earlier this year, Pepe quickly gained traction among traders thanks to its association with popular internet meme character Pepe the Frog.
Similar to other meme-coins like Dogecoin and Shiba Inu, Pepe lacks an obvious purpose. That is, it is primarily accepted as a tool for speculation. This raises questions about the legitimacy of the project. It also leads to accusations that it is a scam.
Despite these concerns, Pepe’s roadmap has ambitious goals focused on growth, community engagement and broadening its reach. Meanwhile, the bizarre project has reached significant milestones. Thus, it aims to overthrow other popular meme-based cryptocurrencies like Dogecoin. These include reaching more than 100,000 holders.
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