
The cryptocurrency market has witnessed a significant surge in activity, particularly with the meme coin $PEPE, which has seen an 82% increase in value over the last week and a 143% increase in a single day. This remarkable rise has been attributed to a combination of factors, including a substantial transaction where a whale address received 23,359 $ETH ($75.9M) from Binance and deposited them into stakedus. Additionally, the price of $PEPE surged by more than 60% in a single day, with six wallets selling 1.98T $PEPE ($4.37M) to take profits, totaling approximately $2M. Notably, one wallet deposited 486.72B $PEPE ($1.04M) into Binance, securing a profit of around $515K (+97%). The market cap of $PEPE reached $1 billion, with trading volume almost 2x the market cap, raising questions about its absence on major exchanges like Coinbase. The meme coin sector overall has experienced a boost, with a $3.77 billion increase in market value led by PEPE, WIF, and BONK. This resurgence in meme coins, including $PEPE's 100% increase over two days reaching a 10-month peak, is occurring alongside $BTC's rally, bringing speculative interest back to these smaller, non-serious cryptocurrencies.



Bonk records an impressive rally as the global crypto and meme coin ecosystems gain bullish momentum https://t.co/RFN3mRcWUA
This fresh wallet withdrew 2.1K $BTC($132.7M) from #Binance in the past 18 hours. https://t.co/MCnl7r3vev https://t.co/dghKJEF1Xd https://t.co/y0D9dkT7B7
8 hours ago, Whale "0x37df" deposited 1.97T $PEPE ($6.13M) onto #Binance, he accumulated these tokens from Jun to Dec 2023 and expects to profit $3.64M from $PEPE. After the deposit, this Whale withdrew 75.9B $SHIB ($893K). Position switch? Detail: https://t.co/8PRaXVjZ2t https://t.co/v3a4JIrWal