- Binance enabling users to obtain versus PEPE tokens may have added to the rise.
- Daily active addresses surged to a 25-day high.
Frog-themed meme coin Pepe [PEPE] experienced frenzied trading activity in the last 24 hours.
The possession pumped almost 20% throughout the U.S. trading hours on 4th November, brushing off an unsteady start to the day throughout which it fell more than 8%, AMBCrypto found utilizing CoinMarketCap’s information.
The wild swings in market price drew in traders in crowds.
The day-to-day trading volume increased fourfold from the previous day to more than $438 million, based on information brought by AMBCrypto from Santiment.
Source: Santiment
Could this be the driver?
While the rise might be quickly credited to the market-wide optimism on cryptos, advancements particular to PEPE may likewise played a huge function.
World’s biggest crypto exchange Binance [BNB] revealed a brand-new promo for Binance loans, as part of which any token can be obtained from the exchange while holding PEPE as security.
The promo duration would last till completion of the month.
