Benzinga - Pepe (CRYPTO: PEPE) is up 14% in the past 24 hours, with the top-three meme coin reporting higher daily gains than its rivals Dogecoin and Shiba Inu.
What Happened: Binance announced new trading pairs for meme coins, including PEPE/USDC as a trading pair effective Mar.7.
According to LBank Exchange data, Pepe has gained 36,530% since its launch.
IntoTheBlock data shows that 100% of Pepe holders are in profit, while transactions greater than $100,000 have surged to 1,241 transactions on March 5, compared to 566 transactions on Feb.28.
Notably, trading volumes have hit all-time highs with over $3 billion, making Pepe a top 15 token in terms of current trading volumes.
Lookonchain data highlighted a trader who purchased 600 billion PEPE tokens from Binance at a high price in 2023. He is currently sitting on a profit of $3.35 million.
Also Read: Welcome To The 'Memecoin Supercycle' - Mad Crypto Money With Ivan
Why It Matters: The official Pepe X (formerly Twitter) handle highlighted its official bridge to both Arbitrum and Binance Smart Chain, enabling traders to benefit from cheaper gas fees in comparison to trading on Ethereum.
Heavily-followed crypto YouTuber Crypto Rover tweeted he is up over 777% in the last 30 days but plans to hold until "at least" $2 million, asking: "Smart or stupid?”
Pepe was one of the two memecoins mentioned in the latest BloombergTV in a discussion about whether the “meme coin era is back.”
While the crypto community is waiting a Coinbase listing, analysts remain upbeat about Pepe's prospects.
Read Next: Dogecoin, Shiba Inu, Pepe Erupt For 60%, 130%, 290% Weekly Gains - Benzinga's Memecoin Mashup
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