A crypto whale has transferred 4.23 trillion PEPE coins, worth $15.6 million, to the Binance exchange just before the meme coin was listed on the exchange. The whale could potentially sell these coins later, which could trigger a price crash for PEPE. Despite this, the price of PEPE has seen a surge of over 830% in the past seven days, as it is drawing more attention from investors and traders. Its market capitalization has surpassed $1 billion after being listed on Binance on May 5.

These top 10 countries represent a diverse mix of regions and economic development, indicating that meme coins have a global appeal and popularity. In total, the top 10 countries leading the meme coin craze in 2023 make up 82.9% or the majority of interest in the speculative assets.

PEPE, the latest meme coin sensation, has soared by a staggering 400% in the past week, hitting a market cap of just over $1 billion. However, following a sharp pullback on Saturday, some investors booked profits, causing a significant loss of approximately $541,000 for a whale who had purchased a substantial sum of PEPE, along with 70 $WBTC worth $2.07M and 470 $ETH worth $937K.

PEPE, the popular memecoin, recently made a major milestone by getting listed on Binance. However, the accompanying price plunge following the listing has caused significant volatility in the market. Early buyers and whales dumped their assets, causing a more than 56% drop in trading volume.

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The whale recently purchased 962.3 billion $PEPE tokens, worth $2.46 million, with 70 $WBTC and 470 $ETH over the past two days.

He cautioned that investing in such memecoins could be dangerous and even cost people their lives if they are not careful.

Crypto advocate Chris Blec made a tweet about the possible harm of investing in memecoins, including PEPE which he hinted could be a potential scam. He explained to his 48k Twitter followers that the memecoin may eventually cost people their lives if they are not careful.

Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.

Binance, the world's largest cryptocurrency exchange, has announced the suspension of market order functions for selected spot and margin trading pairs, including meme coins such as Shiba Inu (SHIB), FLOKI, and PEPE, from May 7 until further notice. The "Market Order - Total" feature for selected spot and margin trading pairs will be suspended, but the manual input to "Market Order - Amount" remains available for placing market orders. The changes mostly impact meme coins such as SHIB, FLOKI, and PEPE, and the market order functions are also suspended for almost all trading pairs listed against BIDR. The restrictions are likely due to volatility and risks in trading meme coins. FLOKI and PEPE coins are trading with massive trading volume after listing on Binance, with FLOKI trading at $0.0000435 and PEPE trading at $0.00000308. SHIB price trades at $0.0000097, down 2% in the last 24 hours and 6% in a week.<br>(By&nbsp;Varinder Singh)