thenewscrypto.com
- $PEPE Whales Cash In as Memecoins Take Center Stage.
- $FLOKI saw a 10% surge in the past 24 hours.
Memecoins are once again capturing the attention of traders and investors, with $PEPE and $FLOKI leading the charge. $PEPE, in particular, has reached a new all-time high ($ATH) of $0.00001101, marking a significant milestone.
$PEPE is currently trading at $0.00001073, boasting a surge of 22%. This surge is reflected in the trading volume, which has soared to $2 billion, marking a staggering increase of 298.18%. Additionally, the market capitalization of $PEPE has seen a surge of 22%. Over the last 24 hours, the price of $PEPE has climbed from $0.000008713 to its current $ATH, indicating strong bullish momentum.
$PEPE Whales Makes Profit
However, amidst the euphoria of $PEPE’s new high, whales have taken the opportunity to realize profits. One notable early holder, identified by their wallet address as 0x647, deposited 250 billion $PEPE tokens, equivalent to $2.69 million, to Binance approximately 12 hours ago. Following this deposit, the whale now holds 42.4 billion tokens, representing a total profit of $3.96 million, reflecting an impressive surge of 8,833%.
Similarly, another whale, identified as 0xa4f, sold 123.7 billion tokens for 1.31 million USDC roughly 13 hours ago. This transaction resulted in a profit of $223,000, equivalent to a notable increase of 20.5% within just three days.
Meanwhile, the overall trading volume of memecoins has surged by 144%, underscoring the renewed interest in this segment of the cryptocurrency market. $FLOKI, another prominent memecoin, has witnessed a surge of 10.33% and reached a 10-day high of $0.0001972, further contributing to the bullish sentiment surrounding memecoins.
With whales strategically capitalizing on price movements, the dynamics of these memecoins remain dynamic, capturing the attention of traders.