Pepe recorded the second largest price increase in history.
Total supply has also reached an all-time high.
#Pepe [PEPE] has recently experienced a significant jump in price and has seen many strong performances. The recent jump has led to a significant increase in the number of tokens in profit.
Pepe is showing amazing volatility, experiencing a daily jump of over 40% for the second time in seven days.
Analysis of the daily timeframe chart shows that the March 1 trading session ended with a staggering 45.62% increase.
This jump added to a recent string of strong uptrends following a 32% gain on February 26 and a 47.51% gain on February 27; the February 27 gain was the highest to date; and the March 27 gain was the highest to date, following a 32% gain on March 26 and a 47.51% gain on March 27.
A comprehensive analysis using the price range tool also showed a rise of about 250% over the past seven days. As of this writing, the pepe is trading up another 1% or more.
In addition, an examination of the Relative Strength Index (RSI) has shown a historical position. At the time of writing, the RSI was approaching the 86 mark. This RSI position indicates that Pepe is not only in a strong bullish trend, but is also highly overbought.
Notably, this is the first time in the company's history that it is in such a position.
Pepe volume analyzed by Santiment showed a significant spike of more than $2 billion on February 28 and 29.
Prior to that, the maximum recorded volume was less than $400 million. At the time of writing, volume was around US$1.9 billion and could reach the US$2 billion #threshold again.
The sharp increase in volume is indicative of the growing number of transactions as asset prices rise.
In addition, sustained price momentum has led to a preponderance of buyers over the past few trading days, contributing to the marked increase in volume.
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