The cryptocurrency market is witnessing a bullish surge as Pepe Coin (PEPE) skyrockets with an impressive 40% gain. This has piqued the interest of investors and crypto enthusiasts, leaving them wondering if other popular cryptocurrencies such as Shiba Inu (SHIB), Dogecoin (DOGE), and FLOKI will follow Pepe’s upward trajectory.
Despite the ongoing SEC lawsuit against major exchanges like Binance and Coinbase, the cryptocurrency market has shown resilience and made a comeback. The recent bounce back received a further boost from investment giant BlackRock’s application for a Spot Bitcoin ETF.
Amidst this favorable news, PEPE has emerged as the biggest winner of the crypto rally, experiencing a remarkable surge of over 40% within 24 hours. While its weekly performance demonstrates a significant surge of 69.96%, DOGE has seen a rise of 6.10% in the past 24 hours and is currently priced at $0.06826. Over the course of seven days, DOGE has experienced a gain of 13.61%, highlighting its steady growth.
SHIB is currently priced at $0.000008195, &rswith a notable 10.75% increase in the past 24 hours. Over seven days, SHIB has demonstrated impressive growth of 24.81%. CoinGape also reported its burn rate spiking over 7,000% in a single day. Similarly, its rival FLOKI has shown promise with a value of $0.00002643 and a 12.85% increase in the last 24 hours. Over the previous week, FLOKI has seen significant growth, boasting a rise of 26.27%.
According to Lookonchain, a prominent whale known as “0x31f5” made substantial purchases of PEPE just after significant sell-offs were reported by CoinGape. This whale invested an impressive $4.54 million USDC and 150 ETH (equivalent to $287,000) to acquire 3.43 trillion PEPE tokens. The first transaction resulted in a considerable profit of approximately $11.47 million, while the second transaction saw a loss of around $741,000.
PEPE currently has a market cap of $558,642,539, a 35% rise in the last 24 hours. Due to the price surge and whale movements, the trading volume has also climbed 251.57%, reaching $691,493,298.
It is essential to note that this presented content may include the personal opinion of the author and is subject to market conditions. Please do your market research before investing in cryptocurrencies. Neither the author nor the publication holds any responsibility for your personal financial loss.
Source: Coingape
