Cryptocurrency experts have named the cryptocurrency whose sales volumes have increased by more than 1200%

Experts from ABM Crypto have found that, compared to the first day of listing two weeks ago, trading volumes in the PEPE 2.0 meme token have increased by 1261%. The researchers recalled that earlier the classic PEPE meme coin quickly conquered the space of comic virtual coins. However, the token later lost its momentum.

According to experts, the volume of transactions with PEPE 2.0 has been growing steadily over the past few days. The dynamics were so strong that at some point the meme token managed to surpass the daily trading volume of Shiba Inu (SHIB). The asset took 1st place in this indicator among all meme cryptocurrencies. The record was set at $ 163.32 million. However, ABM Crypto emphasized that it should not be forgotten that Peer 2.0 has existed for less than 2 weeks — unreliable coins tend to stir up the crypto community at first and then abruptly go into stagnation.

ABM Crypto warned investors against the risk. Experts noted that all meme coins have an initial phase in which large holders buy up a digital asset, rapidly increasing its price and increasing trading volumes. At some point, this attracts retail traders. Sooner or later, however, it ends in a massive sell-off, and many buyers of the asset lose a significant portion of their investments.

Now PEPE 2.0 is at the stage where the community is trying to attract liquidity through listings on major exchanges around the world. This stage is characterized by the growing popularity of the asset, primarily due to intensive marketing.

Proponents of the meme token insist that major exchanges such as Binance offer trading pairs with PEPE 2.0. They believe that this could be another factor in the growth of the digital currency. However, if the listing does not happen, the value of the virtual token could drop significantly. This has already happened with PEPE, WOJAK, TURBO, and other meme coins.

At the time of writing, PEPE 2.0 is trading for $ 0.8 768. The asset’s market capitalization is $ 37.6 million. Daily trading transactions with the meme token exceeded $ 31.7 million.