Elon Musk Sparks Another Memecoin Rally Key Cryptocurrencies to Monitor

In recent developments, there has been a significant surge in trading volume for the relatively new memecoin known as PEPE. This increase can be attributed to the re-engagement of whales in conducting large transfers. According to data from Whale Alert, a noteworthy transfer involving over 1.2 trillion PEPE tokens was observed, with the tokens being transferred to a Binance wallet. This transaction not only suggests a potential boost in liquidity but also raises speculation about a potential sell-off. As a result of these developments, the price of PEPE experienced a rise to $0.00000966, representing an 8.49% increase within the past 24 hours. However, it is important to note that the current price remains 43% lower than its all-time high of $0.00001718.