$PEPE Re-Emerges as the Leading Meme Coin, Boasting a Trading Volume of $1B Despite Not Being Listed on Coinbase

Today, $PEPE has returned to a trading volume of $1 Billion. Even though it hasn't been listed on Coinbase, $PEPE is currently showing its trading position as the king of Memecoins making a comeback.

Despite not being listed on Coinbase, memecoin $PEPE has managed to re-establish itself as the leading memecoin, boasting a trading volume of $1 billion. This surge has seen $PEPE increase by 12%, a notable feat given the broader market downturn. However, key to this surge has been the strategic moves by both smart DEX traders and whales. Many traders anticipated the price pump and increased their positions in $PEPE beforehand. Whales have also bolstered their holdings, further driving the token’s price upward. This is evident from the large-scale transfer of 1.1 trillion $PEPE, valued at $14.2 million, by whale “0x837” to Binance’s deposit address “0x0b1”. This substantial transfer raises questions about whether a significant sell-off is imminent on the centralized exchange.

Some Whale Still Holds 300 Billion $PEPE, Currently Worth About $3.78 Million

Interestingly, despite this large transfer, whale “0x837” still holds 300 billion $PEPE, currently valued at approximately $3.78 million. It’s worth noting that this whale has incurred an estimated total loss of $1.7 million, or 5.69%, from their $PEPE investments. This ongoing activity highlights the high-risk, high-reward nature of memecoin trading, where substantial gains can quickly turn into significant losses.

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