The rise of PEPE and WOJAK meme coins is nostalgic to most Dogecoin and Shiba Inu holders. Crypto investors with a high-risk appetite have made hundreds of ETH in profit from a fraction of the investment. Furthermore, PEPE’s trading volume has spiked more than 128 percent in the past 24 hours to stand at around $452,788,229 on Monday, compared to Shiba Inu which had a reported traded volume of about $129,660,393.
Bitboy’s PEPE Bag
According to a popular social media influencer, Ben Armstrong alias Bitboy crypto, PEPE coin could have some staying power like Dogecoin and Shiba Inu due to its high trading volume. Moreover, Ben argued that the hype and the online searches for the PEPE coin have significantly surged in the recent past. As a result, the crypto influencer revealed that he holds about $35k worth of PEPE coins at the moment.
He highlighted that the WOJAK coin, which has also recently outperformed top meme coins, was also part of his bag before swapping to PEPE.
“I made a bunch of money with this WOJAK coin. I lost a bunch of money with my GENSLR coin. And so I moved it all over to PEPE, which has been killing it,” BitBoy stated in a YouTube video.
Market Outlook
Notably, each meme coin community is the sole driver of their success. As a result, centralized and decentralized exchanges want to attract as many traders through these meme coins as possible to keep their trading volume high, to offset the effects of the crypto winter. Currently, OKX, Deepcoin, CoinW, Bitget, and BTCEX are the exchanges that have listed PEPE coins. Binance crypto exchange, through CEO CZ, has announced plans to support PEPE coin if the demand sustains in the coming months.
