PEPE (Pepe) rose 3.78% in the last 24 hours.

Gate News Bot news, on October 15, according to CoinMarketCap data, PEPE (Pepe) is currently priced at $0.0000075567, with a rise of 3.78% in the last 24 hours, reaching a high of $0.0000097312 and a low of $0.000003669. The 24-hour volume reached $767 million. The current market capitalization is approximately $3.179 billion, an increase of $116 million compared to yesterday.

Pepe is a commemorative meme token aimed at making meme coins great again. The project was quietly launched in April 2023, with no presale, zero taxes, the liquidity pool has been destroyed, and the contract has relinquished ownership. The PEPE token is completely powered by meme power and is a token that belongs to the people forever. The total supply is 420.69 trillion tokens.

Important news about PEPE recently:

1️⃣ The market recovery drives the PEPE price rebound PEPE experienced a significant drop of 23.70% on October 11 and has recently shown a notable rebound. The current price has risen over 100% from the low point, indicating an improvement in market sentiment. This rebound may be related to the overall recovery trend in the cryptocurrency market.

2️⃣ Large capital inflows drive prices to rise Recently, several large traders and investors have shown a strong interest in PEPE. Among them, one trader opened a long position in PEPE on the HyperLiquid platform, while a whale address has also bought a large amount of PEPE tokens. One whale spent 4.97 million USDT to purchase 60.88 billion PEPE, and this large-scale capital inflow could be an important factor driving the price rise.

3️⃣ Activity level significantly rises The 24-hour volume of PEPE reached $767 million, showing a significant increase compared to before. High volume usually indicates increased market participation, which may lead to more price fluctuations and liquidity.

From a technical perspective, PEPE has broken through the previous downtrend channel and is showing an upward trend in the short term. However, considering the high volatility characteristics of the meme coin market, investors should remain vigilant about potential extreme price fluctuations.

This message is not intended as investment advice; investors should be aware of market volatility risks.