What Happened on April. 24th | The $PEPE Trading Frenzy

On April 14th, just 114 wallets held $PEPE, today over 42K wallets held it. Some of the early $PEPE token holders executed a number of memorable trades.

Someone Gets over 4,500x Return in Four Days on the meme token $PEPE

MEV searchers have attempted to profit on the trading frenzy. One MEV bot, labeled as jaredfromsubway.eth has completed thousands of MEV trades and consumed ~6% of Ethereum’s total gas in the past week. (What Caused the Mainnet Gas Soaring?)

There are also plenty of $ PEPE-related scams. According to research found by scamsniffer, there are 465 victims that has been stolen over $1.3 million due to $PEPE related scams.

Biggest Gainers & Losers

Hot projects on the market

Reflexer Community Proposes to Launch Decentralized Stablecoin HAI on Optimism

EDU Council, Including Animoca Brands Founder Yat Siu, to Manage Open Campus Foundation

Wintermute Exploiter now Holds 28% of Curve's 3CRV Pool

Multi-chain MEV-protected DEX Aggregator Cashmere Launched Testnet

Other news in case you missed it:

Identity Verification to Be Mandatory for All Bybit Products and Services from May 8th

Franklin Templeton OnChain U.S. Gov. Money Fund Surpasses $270 Million in AUM

Binance Launches Wrapped Beacon ETH (WBETH) on ETH Staking

OKX to List ArbDoge AI ($AIDOGE) and BONE ShibaSwap ($BONE) on April 25th

Fundraising

Thetanuts Finance Closes $17 Million Funding Round Led by Polychain Capital and Others