#pepe Coin surged this week after former U.S. President Donald Trump shared a meme featuring the iconic green frog, PEPE, on his Truth Social account. The market reacted swiftly: within hours, the token jumped 7%, and daily trading volume surged past $1.6 billion. While some view this as a fleeting moment of virality, others believe it could signal something more significant.

One Post, Billions in Motion

The crypto community erupted after Trump’s post, sparking a wave of speculation and trading activity. PEPE’s price surged 7% in the hours following the post, while its daily trading volume spiked 37% to reach $1.63 billion. The token’s market capitalization also climbed above $6 billion, underscoring the market’s enthusiasm.

Trump’s connection to the meme coin space is not new. He previously launched his own token, $TRUMP Coin, and his pro-crypto stance has been well-documented. Many in the crypto community interpreted his $PEPE meme post as more than a joke — potentially a deliberate signal or endorsement.

Is a Bigger Trend Unfolding?

Influencers across the crypto space were quick to weigh in. Investor Evan Luthra commented that the post could either mark the beginning of a major market shift or simply be an amusing coincidence.

Pepe Coin has already gained over 60% in the past month and is now retesting a critical resistance level at $0.000016. According to Coinglass, open interest in PEPE futures rose 11% to $667 million, indicating sustained momentum among traders.

Whales and High-Profile Traders Take Notice

Trump’s engagement has brought renewed attention to meme coins. Earlier this year, he launched Trump Official (TRUMP) and hosted a dinner for TRUMP Coin holders, a move that briefly spiked the token’s price — though the rally was short-lived.

PEPE has also attracted interest from high-profile traders. Last week, James Wynn, a well-known crypto investor who earned $87 million during last year’s bull run, took a 10x leveraged long position on PEPE but exited with minimal profit, reportedly giving up much of his previous gains.

Meanwhile, whale activity has intensified: over 2 trillion PEPE tokens were recently transferred from Bybit to an unidentified wallet, potentially signaling long-term accumulation or preparation for a significant strategic move.

In Summary

Pepe Coin has once again captured the crypto community’s attention, driven by a high-profile meme post from Donald Trump. With its price surging 7%, trading volume surpassing $1.63 billion, and growing interest from whales and retail traders alike, PEPE remains firmly in the spotlight. Whether this marks the start of a larger market trend or just another viral moment remains to be seen.

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