PEPE Soars 300% in Volume Amid Epic New ATH Rise

PEPE, the cryptocurrency associated with the Pepe the Frog meme, has skyrocketed in price and trading volume. According CoinMarketCap According to data, PEPE is experiencing a notable 322% increase in trading volume.

In the last 24 hours, PEPE’s trading volume increased by 322%, reaching $2.76 billion. This unprecedented surge in activity is accompanied by an epic surge in price, which saw PEPE set a new all-time high (ATH).

PEPE’s market capitalization has risen to $4.46 billion, surpassing that of Uniswap to become the 23rd largest cryptocurrency by market value. The increase in PEPE trading volumes could indicate an increase in investor interest and market activity around the meme-inspired cryptocurrency.

As trading volumes increased, the PEPE price followed suit, embarking on a breakneck ascent that culminated in setting new highs.

PEPE’s rally to a new all-time high comes shortly after GameStop stock trader Keith Gill posted to his Roaring Kitty X account for the first time in three years.

In particular, PEPE has seen a steady increase since mid-April. The rally gained further ground after PEPE surpassed the daily MA 50 by $0.000073. After rising for two consecutive days, the price of PEPE accelerated on May 13 to reach all-time highs.

Gains continue to hold as of press time, with PEPE trading in the green as several cryptocurrencies experienced losses. At the time of writing, PEPE was up 20.50% over the past 24 hours to $0.0000105, after hitting all-time highs of $0.000011 in early trading today.

Whales have also joined in on the PEPE price action. According look chain, a trader spent 1.86 million USDC to buy 195 billion PEPE a few hours ago, making an unrealized profit of $236,000. Another whale bought 406.74 million PEPE worth $4.26 million from Binance, having previously obtained $3.72 million worth of PEPE.