Pepe (PEPE) has emerged as the biggest gainer among meme coins this week, with its price up by more than 756% in the last 7 days. This surge followed the announcement of the listing of the meme coin on major exchanges. However, traders who went short against PEPE have paid a heavy price amid the recent surge. More than 56,000 traders were liquidated in the last 24 hours, with total liquidations standing around $179 million. About $30 million of funds were liquidated from Pepe traders amid its recent 100% price surge, and the contract named 1000PEPE also reported $13.37 million liquidation in the same period.

(By Ashish Kumar)