PEPE can allow sniping Really good quality Blue Chip NFT: David Gokhshtein

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On Friday, founder of Gokhshtein Media, active supporter of meme cryptocurrencies, David Gokhshtein, posted several tweets about the Pepe (PEPE) meme coin as it exploded in price before and after being listed on the leading Binance exchange along with FLOOKIE.

“People are putting down their NFTs to get into PEPE”

Gokhshtein mentioned in a recent tweet that people are rushing to sell their NFTs cheap and fast to buy the PEPE meme coin for that money. This presents a great chance for someone to snap up “some really good quality blue chip NFTs,” he added.

“PEPE can attract more people than Cardano and Polkadot”

Furthermore, Gokhshtein has repeated to PEPE what he had said about Dogecoin and Shiba Inu meme coins in the past – these coins, according to the influencer, can bring many new retail investors into the crypto space.

Much of the crypto industry is now occupied by memes, he said, and many people have trouble understanding the “meme economy.” That is why PEPE can bring a lot more people over than Cardano and Polkadot. The teams and their leaders “can’t explain the technology to the average normie,” Gokhshtein said.

PEPE trading volume approaches $3 billion

According to data provided by CoinMarketCap, more and more people have been trading PEPE, increasing trading volume. In the last 24 hours, it has passed $2.7 billion, approaching $3 billion.

In this calculation, the trendy meme coin closely follows USDT, BTC, ETH and USDC, as specified by the Chinese crypto journalist Colin Wu in a recent tweet. The largest trading volume for PEPE now comes from the OKX exchange.

On the leading exchange Binance, which listed PEPE on Friday, the trading volume in the last 24 hours reached $1.4 billion, second only to BTC and ETH.

Whales grabbing PEPE like crazy

“Smart Money” tracker @lookonchain has shared that a whale bought 760.6 billion PEPE coins at a price of $0.000002859 in the last three hours. He paid 1128 ETH worth $2.17 million for it.

Another whale bought 414.72 billion PEPE with 622 ETH (worth $1.2 million). Before that, he bought 5.55 trillion PEPE for $409,000 and sold 1.75 billion PEPE for 2128 ETH (equivalent to $4.18 million) with a healthy profit.