PEPE Token Sees 5.93% Dip After 25% Rally—$4.7B Volume Signals Strong Market Interest

PEPEUSDT experienced a 5.93% price decline over the past 24 hours, opening at 0.00001298 and currently trading at 0.00001221 on Binance. The recent price movement is attributed to profit-taking following a significant rally earlier in the week, where the token saw a 25% increase after breaking out of a falling wedge pattern. Additional factors influencing the price include large-scale investor accumulation, a notable decrease in exchange reserves, and increased long-term holding by major investors, which supported bullish sentiment before the latest pullback. Despite the recent drop, trading activity remains high, with 24-hour volume exceeding $4.7 billion and market capitalization at approximately $5.12 billion, placing PEPE among the top cryptocurrencies by market cap.