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.

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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.

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