Pepe (PEPE), the leading Ethereum-based memecoin by market cap, is poised to sustain its rebound that began on Nov. 5. PEPE has surged around 230% from its Nov. 5 low of $0.0000078 to hit an all-time high of $0.00002597 on Nov. 14. Trading at $0.00002093, PEPE has seen a 15% increase in 24 hours and a 104% rise in the last week. The memecoin's trading volume spiked by 124% to $19.6 billion, with its market cap briefly touching $10.2 billion before settling at $8.8 billion. The surge in PEPE's price is attributed to listings on major exchanges like Robinhood, Coinbase, and Upbit, alongside a broader memecoin sector rally. The total memecoin market cap has soared to $116.5 billion, with over $75.7 billion in trading volume in the past 24 hours. The surge in PEPE's price is supported by a significant increase in open interest and rising demand for leveraged long positions. Read more AI-generated news on: https://app.chaingpt.org/news

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