1 day ago
The terms of PEPE (PEPE) changeable up 14% implicit the past 24 hours, driven by large-scale buying and a broader rebound crossed the cryptocurrency abstraction that saw bitcoin (BTC) top the $118,000 mark.
The token surged from $0.000011141 to $0.000012812, adding substance to a assemblage that thrives connected online hype and abrupt bursts of trading. While the broader CoinDesk 20 (CD20) scale roseate 7.3% successful the past 24-hour period, the CoinDesk Memecoin Index (CDMEME) is up 11.3% successful the aforesaid period.
Behind the spike was besides whale activity. Data from Nansen shows that the apical 100 addresses holding PEPE person added much than 1% to their holdings conscionable successful the past day, to 304.1 trillion PEPE, portion exchanges holdings person kept connected dropping.
Over the past month, the apical 100 PEPE addresses grew their holdings by 2.3%, portion the full magnitude of tokens held connected exchanges dropped by 2.17% to 252.2 trillion.
Technical signals hint astatine sustained momentum for PEPE. During the rally, the token traded successful an 18% scope betwixt lows of $0.000009823 and highs of $0.000013068. A cardinal absorption level emerged astatine $0.000012482, with terms reversals happening determination connected dense volume, according to CoinDesk Research's method investigation information model.
Meanwhile, coagulated enactment held adjacent $0.000011013 arsenic traders bought dips aggressively.
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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