May 11, 03:07 AM

$PEPE Hits New ATH Against $ETH in May 2024, Trading Volume Peaks at $1.2B

The cryptocurrency $PEPE has demonstrated significant market resilience and growth, particularly against its $ETH pair, reaching new all-time highs (ATH) as of May 2024. Over recent weeks, $PEPE has maintained strong trading volumes, ranging between $600 million and $1.2 billion daily. Notably, $PEPE has outperformed $ETH, achieving a new ATH of 0.3. This resilience is attributed to market participants' anticipation of $ETH's potential to outperform soon, coupled with the increasing trust in meme-themed cryptocurrencies. Additionally, significant trading activity was observed, including a notable transaction where an investor withdrew 350 billion $PEPE, valued at approximately $3.44 million, from Binance, realizing a profit of around $2.66 million.

#Binance

Written with ChatGPT (GPT-4).

Sources

Lookonchain@lookonchain
2 years ago
We noticed that some investors accumulated $PEPE! 0xa145 withdrew 350B $PEPE($3.44M) from #Binance 10 hrs ago. He is good at swing trading $PEPE and has a profit of ~$2.66M on $PEPE. https://t.co/OcWKqsL14L 0xa4Fd spent 1.09M $USDC to buy 123.66B $PEPE at $0.00000881 13 hrs… https://t.co/55iL9W7CxT
Prorok.eth@proroketh
2 years ago
$PEPE is ripping against its $ETH pair NEW ATH 0.3 🐸🐸🐸 https://t.co/5DnDNwBsYO
intuitio@intuitio_
2 years ago
the unbelievable pepe strength can be explained very easily. you would think with the eth weakness, eth memecoin pepe should be weak as well. but market participants have become incredibly smart. they know eth will outperform soon. and because memes have gained so much trust,…

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$PEPE Hits New ATH Against $ETH in May 2024, Trading Volume Peaks at $1.2B

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