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

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 DOGE/USD 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.

celebrating 50,000 holders in our first 15 days since launch today

this is just the beginning for $pepe

thank you to each and everyone of you joining us on this revolution pic.twitter.com/Hdts6DaSg5

— Pepe (@pepecoineth) April 29, 2023

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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