14 hours ago
PEPE surged much than 6% implicit the past 24 hours, climbing to $0.00001285. Volatility remained intense, with the token swinging betwixt $0.000011981 and $0.000013081, a astir 9% intraday range.
While PEPE’s show stands out, the CoinDesk Memecoin Index (CDMEME) surged 7.12% successful the past 24 hours. That compares with a 3.3% summation successful the CoinDesk 20 Index of largest, astir progressive cryptocurrencies.
Resistance appears to beryllium astir the $0.00001286 level, wherever algorithmic trading systems triggered 2 crisp reversals connected volumes supra regular norms, according to CoinDesk Research's method investigation information model.
Repeated rebounds disconnected enactment adjacent $0.000012600 suggested marketplace participants were stepping successful to support terms levels.
In the last agelong of trading, volumes topped 4.6 trillion PEPE, a fig that, successful dollar terms, could dwarf the regular trading of galore mid-sized stocks.
Yet bids astir $0.000012820 held firm, suggesting that investors aren’t abandoning the token. Balance connected exchanges, according to Nansen data, has plunged 2.6% implicit the past 30 days.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk's afloat AI Policy.
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