PEPE Token Surges 6.91% Amid $3M Binance Trading Competition and Soaring Retail Interest

In the past 24 hours, PEPEUSDT has experienced a 6.91% price increase, rising from a 24-hour open of $0.00000868 to a current price of $0.00000928 on Binance. This upward movement can be attributed to heightened trading activity driven by Binance’s live PEPEUSDT trading competitions, which are offering over $3 million in rewards and have increased market participation. Additionally, ongoing social media momentum and recent high-profile stories, such as a trader converting $2,000 into $43 million, have sustained retail interest and speculative trading. Despite a recent period of bearish sentiment and elevated sell pressure (with sell orders comprising 57% of the order book), the influx of new participants and continued meme coin attention have contributed to the latest price recovery. PEPE remains a highly volatile asset with significant trading volume and ongoing whale activity, positioning it as a focal point in the current cryptocurrency market.