PEPE soared nearly 400% in a single week! Market value reaches US$2.8 billion, becoming the third largest Meme coin

As Bitcoin strongly breaks through 64,000 US dollars, approaching the historical high of nearly 69,000 US dollars set in 2021, the cryptocurrency market has generally risen, and the recent performance of Meme currency is the most eye-catching , Dogecoin (DOGE) and Shiba Inu Coin (SHIB) have increased by as much as 93% and 180% respectively in the past week, driving a series of dog-series meme coins such as BONK, WIF, FLOKI... to soar.

PEPE has repeatedly reached new highs

However, in the past week, the most eye-catching performance has been the Pepe the Frog-themed Meme coin PEPE. According to Binance’s quotation, PEPE has gone from $0.00000138 on the 26th. It soared, reaching a maximum of $0.00000679 today, equivalent to a maximum increase of 392% in the past week. As of the deadline, it was trading at $0.00000663, a surge of more than 60% in the past 24 hours.

Compared with the low of US$0.0000086 in early February, in just one month, PEPE’s highest increase has exceeded 665%.

Driven by PEPE's continuous record highs in the past week, CoinGecko data shows that the market value of PEPE has reached 2.78 billion US dollars, jumping to the 46th largest cryptocurrency in the world. In the ranking of Meme currency market value, it is only behind the dog. Coin (USD 23.8 billion) and Shiba Inu Coin (USD 15.9 billion), becoming the third largest Meme currency by market value.

Market analysts believe that this crazy rise in PEPE may benefit from Binance’s recent new activities. Binance announced on February 23 that it will launch a dual PEPE event on the currency earning platform. During the event, New users of coin-earning regular products who learn PEPE-related knowledge and complete the quiz will each be eligible to receive free 700,000 PEPE regular products.

In addition to the immediate annualized income from PEPE’s currency-earning current products, you also have the opportunity to enjoy an additional graded annualized income of up to 9%. PEPE prices have continued to rise since Binance made this announcement.

On February 25, @MaxBecauseBTC, CEO of the financial market news and analysis website BecauseBitcoin.com, successfully predicted the surge of PEPE coins. He currently believes that the rising momentum of PEPE currency may not be over yet, and is expected to enter the crazy surge process before Dogecoin and Shiba Inu Coin, and is expected to continue to hit record highs.

Giant whales continue to hoard coins crazily

It is worth noting that while PEPE continues to skyrocket, according to SpotOnChain monitoring, some giant whales are still continuing to hoard coins. In the past 24 hours, 3 whale addresses have bought a total of 1.02 trillion PEPE, worth approximately US$5.94 million:

• Whale 0x379...withdrawn from Binance 500 billion PEPE, worth approximately US$2.96 million

• Giant Whale 0x04E... spent 1.95 million USDC to purchase 340.86 billion PEPE

• Transaction Member 0x37d... withdrew 182.4 billion PEPE from Binance, worth approximately US$1.03 million, and also withdrew 38.85 million MEME, worth US$1.63 million

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