Cryptocurrency PEPE grew by 82% per day

Not financial advice!

According to the latest data, the Pepe token (PEPE) surpassed Shiba Inu (SHIB) in terms of trading volume per day as of April 30, 2023. The amount of transactions in 24 hours amounted to $ 138 million, while for the second most popular meme cryptocurrency, this figure was recorded at only $ 64.83 million. Analysts noted that this state of affairs was due to the rapid growth of PEPE’s value by 82.5% per day. The digital currency’s quotes soared to $ 0.6.

According to statistics, trading volumes increased by 222.2% over the past 24 hours, and the cryptocurrency’s capitalization reached $ 248.56 million. Most of the transactions were conducted on decentralized exchanges. They totaled more than $ 76.64 million, compared to $ 60.26 million on centralized trading platforms.

Many analysts have noted that the growth of quotations was caused artificially. The fact is that the token has no specific application, and all the interest around it is associated with banal hype. Many accused the developers of «pumping and dumping» and expressed confidence that many investors would go bankrupt in the future when the value of the crypto asset dropped to zero.