As $1.2 billion Flows In, PEPE Price Rebounds with 5% Surge

After experiencing some negative price movement overnight, popular joke currency Pepe ($PEPE) is bouncing back today, with a 5% increase to $0.00001259 and a $1.5 billion trading volume in the last 24 hours.

In the wee hours of the morning UTC, this counteracts a 5% decline.

Many Pepe holders are making money, with a 5% gain for those who have held the token for one week. Pepe's price has increased by 37% in the last two weeks, 18% in the past 30 days, and an astounding 822% in the past year.

So, at the moment, Dogecoin ($DOGE) is the largest meme currency in the world, while the frog-based meme coin that was inspired by the same-named Max Furie comics character is now in second place.

Dogecoin's gains over the seven days were 7.7 percent, whereas Pepe's gains over the fourteen days were 23.3 percent, thirty days were 14.1 percent, and 365 days were 77.3 percent. However, $DOGE only gained 0.7 percent for the week.

Analysis of Pepe Prices
Pepe is mired at a low compared to its price three months ago, despite a little rebound today.


Looking at the red line below, it is almost touching a recent tough resistance level of $0.000013 at its present price.

Although Pepe reached a new all-time high of $0.00001717 on May 27, it has since fallen 27%. A positive news cycle will determine if Pepe can regain that price level.

Market participants are anticipating a positive catalytic effect from yesterday's spot Ethereum ETF launches, the prospect of a rate cut by the Federal Reserve in the near future, and the reelection of pro-crypto Republican presidential candidate Donald Trump in November.


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