PEPE Memecoin Frenzy Hits Binance as Altcoin Season Heats Up

April 5, 2025– PEPE, the frog-themed memecoin, rallied 12% in 24 hours on Binance, becoming the platform’s top-traded altcoin. Analysts attribute the spike to retail traders rotating profits from Bitcoin’s sideways movement into high-risk assets, echoing the "Altseason" phenomenon .

- Behind the Surge:

- Binance added PEPE perpetual futures with 25x leverage, fueling speculative trading.

- The Fear & Greed Index dropped to 27 (extreme fear), historically a signal for memecoin rallies as traders seek short-term gains .

- Risks: PI and JTO, yesterday’s top losers, plunged 18%—highlighting volatility risks .