PEPE (Pepe) fell 10.15% in 24 hours

Gate News Bot news, on August 15, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at 0.000011 USD, down 10.15% in the last 24 hours, with a high of 0.000013 USD and a low of 0.000011 USD. The current market capitalization is approximately 4.644 billion USD, a decrease of 525 million USD from yesterday.

Pepe is a meme coin themed around the internet-famous meme frog Pepe. The project aims to revitalize the meme coin market through pure meme power. The PEPE token is issued with no presale, zero taxes, liquidity pool locking, and the abandonment of contract ownership, claiming to be a token that forever belongs to the community. The total supply is 420.69 trillion.

Recent important news about PEPE:

1️⃣ Large Withdrawals Attract Market Attention On August 14, two newly created addresses withdrew 71 trillion PEPE tokens from a trading platform in a short period, worth approximately 8.67 million dollars. This large withdrawal has drawn market attention and may affect the short-term supply and demand relationship and price trends.

2️⃣ Expansion of trading functions or increase in liquidity The Alpha version of a certain trading platform has added the PEPE/USDT instant trading feature, allowing users to execute market orders with one click. The launch of this feature may enhance the trading efficiency and liquidity of PEPE, impacting its market performance.

3️⃣ Founder's activities trigger market response The creator of PEPE, Matt Furie, recently paid attention to an account of a certain NFT trading platform, which sparked market speculation. The market capitalization of PEPE-related NFTs on this platform experienced a brief breakthrough, reaching a peak of 13 million dollars, indicating the market's continued interest in the PEPE ecosystem.

From a technical perspective, the PEPE price has recently shown a falling trend, with a drop of over 10% in the last 24 hours. Large withdrawals and the launch of new trading features may increase market volatility. At the same time, the founder's social media activity may also impact short-term price movements. Investors need to closely monitor these factors for their potential impact on the PEPE market.

This message does not constitute investment advice, and investors should be aware of market volatility risks.