David Gokhshtein, the founder of Gokhshtein Media and a vocal proponent of meme cryptocurrencies, tweeted many times on Friday about the Pepe (PEPE) meme currency as its value skyrocketed both before and after it was added to the popular Binance exchange along with FLOKI.
“People flooring their NFTs to get into PEPE”
In a recent tweet, Gokhshtein claimed that individuals are scrambling to quickly and inexpensively sell their NFTs so they may use the proceeds to purchase the PEPE meme currency. Someone has a fantastic opportunity to steal “some really good quality blue chip NFTs,” he continued.
“PEPE can attract more people than Cardano and Polkadot”
In addition, Gokhshtein reiterated for PEPE what he had previously said about Dogecoin and Shiba Inu joke currencies: the influencer believes that these coins can attract many new retail investors to the cryptocurrency market.
He claimed that memes now make up a sizable portion of the cryptocurrency sector and that many people struggle to comprehend the “meme economy.”” Because of this, PEPE has a much larger guest list than Cardano and Polkadot. They “can’t explain the tech to the average normie,” according to their teams and leaders, Gokhshtein said.
PEPE trading volume nears $3 billion
Data from CoinMarketCap indicates that the trading volume of PEPE has increased as more individuals trade it. It has reached $2.7 billion and is very close to $3 billion during the past 24 hours.
The popular meme coin is now closely tracking USDT, BTC, ETH, and USDC in this statistic, according to a recent tweet from Chinese crypto writer Colin Wu. The OKX exchange currently accounts for the majority of PEPE trading volume.
The trading volume on the top exchange Binance, which included PEPE on Friday, reached $1.4 billion in the previous day, trailing only BTC and ETH in value.
Whales grabbing PEPE like crazy
The “Smart Money” tracker @lookonchain has revealed that within the last three hours, a whale purchased 760.6 billion PEPE coins for $0.000002859. It cost him 1,128 ETH, or $2.17 million.
With 622 ETH (worth $1.2 million), another whale purchased 414.72 billion PEPE. Prior to that, he paid $409,000 for 5.55 trillion PEPE and made a nice profit by selling 1.75 trillion PEPE for 2,128 ETH (the equivalent of $4.18 million).
