7 Trillion PEPE Vanishes in Minutes: Is This a Crypto Coup or Just a Frog Party?

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In an absolutely ribbiting turn of events 🐸, frog-obsessed meme coin PEPE leapt up a dazzling 42% in the last 24 hours. Investors everywhere are now asking the important questions, such as: “Should I have gone with a frog over a dog?” and “Is it too late to buy some amphibian action?”

Meanwhile, our beloved blockchain busybodies at Whale Alert sounded the alarms as a not-at-all-suspicious sum of 7.14 trillion PEPE (that’s $78.8 million, or roughly the GDP of a small nation and the emotional value of my shoe collection) flopped between mysterious wallets faster than you can say “Kermit was right!”

🚨 🚨 🚨 🚨 7,143,024,728,061 #PEPE (78,827,992 USD) transferred from unknown wallet to unknown wallet

— Whale Alert (@whale_alert) May 9, 2025

Who sent it? Who received it? Sherlock Holmes is on holiday—try again later. All anyone knows is that this sort of mega-frog move means something big, be it accumulation, wallet-shuffling, or perhaps the start of a new, frog-themed illuminati. The mood? Absolutely bullish, so put away the bear suits (unless it’s fancy dress night at the crypto club).

PEPE’s drama unfolds as the entire market does its best soap opera impression: $800 million in short positions got wiped out in 24 hours, sort of like the financial equivalent of slipping on a banana peel. CoinGlass reports a record $837 million in short bets liquidated, a feat not seen since 2021, back when people thought “NFT” was a typo.

PEPE skyrockets

Bitcoin, presumably also on Red Bull, soared past $104,000, dragging the rest of the market—and PEPE—up with it. PEPE channeled its inner phoenix, rebounding from the depths of $0.00000759 (!!!) on May 6, before doing its best Elon Musk impression and skyrocketing on Thursday.

The buying frenzy spilled straight into Friday, with PEPE’s price blasting up to $0.00001397—shaving off a zero the way I wish I could take off 10 pounds before beach season. As of now, PEPE is up 44% on the day, 52% on the week, and hanging out in territory not seen since February (back when I last believed in my New Year’s resolutions).

And because more is more, PEPE’s trading volume soared 368% to a breezy $3.57 billion in the last 24 hours. Somewhere, a frog is sipping champagne and looking smug. Cheers, PEPE, you absolute chaos machine. 🥂🐸

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2025-05-09 15:05