Pepe's price has declined by 12% from its peak, yet there's been a remarkable 216% increase in trading volume, suggesting a surge in trader interest.
Bitcoin ETFs are experiencing daily trading volumes of nearly $6 billion, marking a resurgence to levels last witnessed in late March. Concurrently, the price of BTC has surged to reach new highs for May.
Derivatives trading volume on the largest exchanges experienced a 1.4% decline month-on-month in April. Conversely, futures trading volumes on Binance, the leading centralized exchange (CEX), surged by over 72% from March to April.
According to Arcane Research, Binance, the world's largest cryptocurrency exchange, has seen Bitcoin (BTC)'s trading volume share grow to 92% by the end of 2022.
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