• PEPE leads the top gainers list and outperforms OM and WIF.
• Whale investors large PEPE transfers did not negatively impact its performance.

As Bitcoin (BTC) returns to the important threshold above $60,000, the meme coin market finds its own path to growth. According to CoinMarketCap, Pepe Coin (PEPE) is currently the top gainer in the last 24 hours, surpassing Mantra (OM) and Dogwifhat (WIF).

PEPE Coin Daily Trade Volume Surpasses $1.75 Billion Mark

PEPE is currently trading at roughly $0.00001157, up more than 18.8% over the last 24 hours and continuing its bullish trend that began last week.

According to CMC, its daily trade volume has risen to $1.75 billion, more than double that of WIF. With a market cap of over $4.81 billion, Pepe Coin is now the third-largest meme currency, after only Dogecoin (DOGE) and Shiba Inu (SHIB).

Previously, CNF revealed that whale investors transferred 9 trillion PEPE tokens, valued at almost $82 million, from an undisclosed wallet to the Bybit cryptocurrency exchange. Despite the big transfer, PEPE has continued to thrive.

Furthermore, we have highlighted the whale wallet 0x3737, which has a big stake in PEPE. This wallet contains 3.58 trillion tokens worth $30.87 million and has generated a profit of more than $30 million.

These events point to solid momentum for PEPE in the current market environment. Rising trade volumes and substantial whale activity indicate greater interest and confidence in the coin. PEPE’s increasing tendency may challenge the supremacy of larger meme tokens like DOGE and SHIB.

Also, constant observation of whale movements and trading volumes will be critical in determining PEPE’s future trajectory and position in the meme coin hierarchy.