Pepe (PEPE) has experienced a significant price surge in the past 24 hours, driven by increased whale activity. The meme coin is currently trading at $0.0000080, marking an 18.5% increase. With a market cap of $3.31 billion, PEPE is now ranked as the 37th largest digital asset.

Trading volume for PEPE has also seen a notable uptick, with a 62% increase to $1.64 billion. Binance crypto exchange accounts for 46.8% of the total trading activity, amounting to over $768 million.

Coinbase recently announced the listing of the Pepe perpetual futures contract, but faced delays due to technical reasons. However, the 1000PEPE-PERP contract is now available for non-U.S. residents on the exchange.

Whale transactions involving at least $100,000 worth of PEPE have increased by 11%, indicating growing interest from large investors. The Relative Strength Index (RSI) for PEPE has also risen from 46 to 56, suggesting that the coin is slightly overheated and overvalued.

Increased exchange activity for PEPE has been observed, with 5.65 trillion tokens entering exchanges and 4.87 trillion tokens exiting in the past 24 hours. This net inflow of 780 billion tokens indicates that some investors may be seeking short-term profits.

Overall, the market for PEPE remains dynamic, with potential for further price rallies. Stay updated on the latest cryptocurrency news and market trends on Global Crypto News.

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