Pepe dominates Doge and Shib in the daily trade volume despite a weekly decline of 25 %
Pepe dominates Doge and Shib in the daily trade volume despite a weekly decline of 25 %
Despite the recent drop in prices, the hype around Pepe does not seem to be over, since the cryptoval still accumulates.
His daily trading volume has been exceeding the well-known memoins such as Dogecoin (Doge) and Shiba Inu (Shib) for more than a week.
still in the spotlight
One of the best performers on the cryptocurrency market in the past few weeks-Pepe Coin (Pepe)-has recently lost some swing, with the price fell by 26 % in the past week. The market capitalization also dropped significantly: from over $ 1.6 billion in early May to less than $ 700 million at the time of writing (according to CoinmarketCap).
Some cryptovales do not seem to be impressed by the decline and have recently bought a significant part of the financial value. A user who previously benefited from Memecoin from Memecoin output ETH worth $ 2.1 million to buy again $ 1.33t. Another investor exchanged 397.182 APE for over 748 million Pepe.
In addition to the commitment of cryptovales, Pepe has been the Memecoin with the highest daily trade volume for over a week. The Twitter user Borovick.eth explained that the 24-hour volume of PEPE exceeded $ 350 million, while Doge is in second place with $ 214 million.
$ Pepe The number 1 in the Memecoin volume pic.twitter.com/nv2t8fPrhh
- borovik.eth (@3orovik) 15. May 2023
Pepes Turbulent first month
The asset introduced in mid-April quickly attracted great attention. The initial hype was so large that the price reached maximum stalls almost every day. Kluge investors took the chance to become a millionaire with one overnight Turn He transformed his investment of $ 27 in a million US dollar within a few days.
The pepe madness continued with full strength in May and many crypto exchanges listed the token. Okx, Bitmex and even the world's largest- Binance -are some examples.
The asset was so popular that even well-known people joined his ecosystem. This was the case with the American rapper Deandre Cortez Way (better known as Soulja Boy), the called he was "pepe."
Some dealers Sold NFTS are part of the Bored Ape Yacht Collection (BayC) and are below the minimum price.
After the climax on May 5, the price and market capitalization of Pepe began to decrease, which caused doubt that the hype was over and that speculative investors might have averted from it.
Nevertheless the trading volume of the asset, the persistent activity of whales and the USD Span>
.