PEPE Surges 14%, Bitcoin Exceeds $118K in Major Crypto Growth
The cryptocurrency PEPE has experienced a 14% increase over the past 24 hours, attributed to significant buying activity and an overall resurgence in the cryptocurrency market. This rally coincided with Bitcoin’s rise past the $118,000 milestone.
Key Insights
- PEPE’s price escalated from $0.000011141 to $0.000012812, reflecting a revived sector fueled by online excitement and rapid trading. The larger CoinDesk 20 index rose 7.3% during this period, while the CoinDesk Memecoin Index surged 11.3%.
- Data reveals that the top 100 PEPE holders increased their holdings by 2.3% over the last month, eager buyers showing optimism as exchange supplies fell by 2.17%.
- Technical indicators indicate that PEPE might sustain its momentum, with resistance noted at $0.000012482 and supportive levels around $0.000011013.
PEPE Price Chart
The Nansen analytics platform has revealed that major wallet addresses holding PEPE have boosted their positions by over 1% just within a single day, signifying a growing trend of accumulation. In contrast, the total tokens held by exchanges dropped to 252.2 trillion tokens.
Technical Analysis
During the recent price increase, PEPE was seen fluctuating between $0.000009823 and $0.000013068, with substantial trading volume observed at critical points.
Disclaimer: Parts of this article utilized AI assistance and were reviewed for accuracy to uphold quality standards.
