PEPE, the frog-themed meme coin, has surged back into the spotlight with a staggering $1.26 billion in 24-hour trading volume, surpassing major altcoins like Cardano (ADA), Binance Coin (BNB), and Uniswap (UNI). This resurgence signals a renewed interest in high-risk, high-reward speculative assets among traders.
PEPE Dominates 24-Hour Volume with $1.26 Billion
The meme coin sector is experiencing a revival, with PEPE at the forefront. Key highlights:
- Price: $0.000001056 (9.7% increase in 24 hours).
- Volume: $1,267,829,406, outpacing ADA ($1B), BNB ($775M), and UNI.
- Market Position: PEPE’s trading activity now rivals top-tier altcoins, showcasing its volatility and trader appeal.
👉 Discover why PEPE is leading the meme coin rally
Meme Coins Reignite Retail Trading Momentum
Retail traders are flocking back to meme coins, driven by:
- Bonk (BONK): +2.41% (24h).
- Pudgy Penguins (PENGU): +8.4% (24h), +70.6% (weekly).
- Other Gainers: Uniswap (UNI) (+8.4%), Aave (AAVE) (+5.8%).
This trend reflects growing confidence in speculative assets despite broader market uncertainty.
FAQs
Q: Why is PEPE’s volume surging?
A: PEPE’s low entry cost and viral appeal attract traders seeking quick profits, amplified by social media hype.
Q: Are meme coins a sustainable investment?
A: While volatile, meme coins like PEPE can yield short-term gains but carry high risk due to lack of fundamentals.
Q: How does PEPE compare to Dogecoin (DOGE)?
A: PEPE mirrors DOGE’s early speculative phase but lacks the same mainstream adoption or liquidity.
Conclusion
PEPE’s explosive volume underscores the meme coin sector’s unpredictable yet lucrative nature. While its momentum may fluctuate, the current rally proves that retail traders still crave high-stakes opportunities.