PEPE Token Surges 3.93% as $554M Volume Spike and Major Whale Move Drive Market Activity

In the last 24 hours, PEPEUSDT experienced a price increase of 3.93%, rising from an open of $0.00000967 to a current price of $0.00001005 on Binance. This upward movement is largely attributed to a significant uptick in trading volume, which surpassed $554 million and grew by over 33% compared to the previous day, signaling renewed market interest. The recent large-scale transfer of 609 billion PEPE tokens to an exchange by a major holder also contributed to heightened activity and volatility. Market sentiment remains mixed, with technical indicators showing a neutral outlook and analysts divided on the short-term direction, though the stable support level and increased trading activity suggest cautious optimism among traders. Pepe (PEPE) currently holds a market capitalization of approximately $4.19 billion, ranking it among the top 30 cryptocurrencies, with a circulating supply of 420.69 trillion tokens.