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Pepe Coin Hits All Time High With 68% Surge, Trading Volume Now 2nd Behind Dogecoin

Published 01/05/2023, 05:28
Updated 01/05/2023, 06:40
© Reuters. Pepe Coin Hits All Time High With 68% Surge, Trading Volume Now 2nd Behind Dogecoin

Benzinga - Pepe Coin (PEPE) has spiked over 68% in the past 24 hours, hitting an all-time high and outperforming other top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (SHIB)

What Happened: Pepe Coin’s trading volume reached $263 million in the last 24 hours, making it the second-highest trading volume behind Dogecoin which stands at $322 million, according to data from LunarCrush.

Pepe Coin's official Twitter account announced that it has reached the milestone of 50,000 holders since its launch just 15 days ago.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

However, the volatility of Pepe Coin is illustrated by the fact that over $712,000 worth of PEPE was liquidated within the last 24 hours, with $372,000 coming from long positions and $340,000 from shorts, according to CoinGlass data.

Despite the risks involved, Pepe Coin received support from the Huobi crypto exchange, which added PEPE/USDT perpetual futures on its platform on April 26.

Meanwhile, a crypto trader recently told Benzinga how they turned 1 ETH into $140k with Pepe Coin.

Price Action: At the time of writing, DOGE was trading at $0.078, down 2.79% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed Amid Regulatory Uncertainty: Analyst Says Apex Crypto Isn't Getting A Boost Despite Upbeat Mood On Wall Street

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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