Pepe (PEPE), the frog-themed meme coin, surged 11% in the last 24 hours, outshining other popular memecoins. At the time of writing, PEPE was trading at $0.0000129 with a trading volume of $1.27 billion over the past day.
Historically, PEPE has surged 1372% over the last year and 50% in the last seven days. Its market cap rose by 9% to $5.43 billion, though it remains 23% below its all-time high of $0.0000167. The recent price spike follows a significant acquisition by a whale, fueling speculation of a potential rally.
One standout feature is the possible listing of PEPE on Coinbase, which previously spiked its price after opening a perpetual futures market. PEPE remains the top-traded memecoin, outperforming Dogecoin (DOGE), Shiba Inu (SHIB), and others.
Overall, the whale’s acquisition and potential Coinbase listing could signal renewed interest in PEPE, urging retail investors to reconsider their positions. This event highlights the strategic importance of whale activity and exchange listings in driving memecoin markets.
