Pepe Coin Surges 8% as Trading Volume Jumps 111%

Pepe Coin experienced a notable surge, rising by 8% to reach a high of $0.00001127, after starting the day at $0.00001002. This upward movement was driven by a significant increase in trading volume, which jumped by 111% within a 24-hour period. The memecoin's price increase was accompanied by a steady rise in trading volume, indicating renewed interest from both large investors and everyday traders.

The overall crypto market also saw a rise, helping most major digital assets return to recent highs. The meme coin sector, in particular, performed well, with its total market value increasing. This momentum aligns with Pepe Coin’s trading volume surge, which shows that both large investors and everyday traders are getting back into the market. Additionally, the supply of Pepe Coin on exchanges decreased, suggesting that traders may be moving tokens to cold wallets, anticipating further gains rather than quick sales.

Crypto experts watching Pepe Coin see potential for more gains. A crypto analyst pointed out that Pepe Coin, which runs on the Base network, has a fair and clear project setup along with a reliable team. This, along with renewed interest from big investors, is encouraging loyal holders. Notably, Bitcoin has recently reached a new all-time high. This increase is supported by a strong daily trading volume and rising optimism. Meme coins like PEPE usually follow Bitcoin’s trend, and this situation is no exception.

Adding to the positive backdrop, reports indicate that there is a push for a major cut in the Federal Reserve’s interest rates. If this happens, it could inject a large amount of cash into the markets. This situation usually helps high-risk, high-reward investments like meme coins. While some might worry about Pepe Coin’s decline from its previous all-time highs, experienced market watchers point out that meme coins often lag behind larger cryptocurrencies before rising again at the end of bull markets. With Bitcoin and Ethereum likely to continue increasing in value, more money may move into smaller, riskier coins like Pepe Coin.

Whales increased their PEPE holdings by 1.75% to 303 trillion tokens, while the supply on exchanges decreased. This whale accumulation and a drop in exchange supply have reduced selling pressure, aligning with a technical breakout and rising memecoin sector. The technical analysis of Pepe coin shows that it is currently trading above the 0.618 Fibonacci level at $0.00001074, with intraday highs touching $0.00001127. This suggests that Pepe Coin is in a strong upward trend, supported by both technical indicators and market sentiment.