shock! PEPE trading volume tripled, but price fell 12%
Are traders still partying?
Recently, the trading volume of PEPE coin has tripled since the beginning of May.
The all-time high was reached in just a few days.
However, what is surprising is that despite the spike in trading volume, PEPE price is still down 12% from its all-time high. What kind of mystery lurks behind this seemingly contradictory situation? Let's find out.
**Sudden increase in trading volume and high market sentiment**
PEPE coin trading volume has increased 216% since the beginning of May, showing strong interest among traders in the coin. This increase in trading volume usually indicates increased market attention and liquidity of the currency. Higher trading volume means more buying and selling activity, which is good news for any cryptocurrency.
**Price drops, investor sentiment mixed**
However, despite the spike in trading volume, PEPE Coin price is still down 12% from its all-time high. This shows that although market transactions are taking place actively, investors may have complicated psychology. On the one hand, some people are optimistic about the future of PEPE and actively buy in; On the other hand, there are also those who sell at high prices and take profits. This situation could be a price adjustment due to short-term profit taking.
**Supply and demand, increasing volatility**
In economics, supply and demand directly affect price fluctuations. Current rising volumes indicate strong demand, but falling prices suggest there may be excess supply. Some investors sell at high prices, putting pressure on prices. However, continued growth in trading volumes means that market demand for PEPE remains strong and as long as supply and demand are in balance, prices are expected to rebound.
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