Over the past 24 hours, PEPE's trading volume has surged to $4.41 billion, reflecting a 76.75% increase. This high trading volume indicates robust investor interest and significant market activity.
Market Sentiment and Speculation:
The general enthusiasm for memecoins, driven by speculative trading and viral appeal, has contributed to PEPE's recent price surge. Memecoins often see sharp price movements based on social media trends and community engagement.
Market Cap Growth:
PEPE's market cap has grown to $5.65 billion, up by 19.98%. This significant increase in market cap highlights the influx of capital and investor confidence in the coin's potential.
Positive Community Engagement:
PEPE's strong community presence, as indicated by the number of followers and interactions on social media platforms like Twitter, helps sustain its viral appeal and investor interest.
No-Tax Policy and Redistribution System:
PEPE's no-tax policy and redistribution system, which rewards long-term stakers, make it attractive to investors looking for favorable trading conditions and potential long-term gains.
These factors combined have created a favorable environment for PEPE's recent price surge, attracting both retail and institutional investors looking to capitalize on the memecoin trend.
