Pepe Trading Volume Surges 25% on Back of Trump Crypto Policy Shift

The recent surge in Pepe (PEPE) trading volumes has sparked renewed optimism among investors, signaling a potential trend reversal in the market. According to the latest reports, PEPE’s trading volumes have risen above $500 million, reversing a recent slump that saw volumes dip to around $400 million on August 3. This upswing has been attributed to President Donald Trump’s recent executive order, which aims to allow American investors to include cryptocurrencies in their 401(k) retirement accounts [1]. The order has triggered a broader interest in crypto assets and led to a bullish shift in sentiment [1].

Following the announcement, PEPE has gained 2% in the last 24 hours, supported by increased trading activity and a reduction in short positions. Market data reveals that nearly $300 million worth of short positions were liquidated across the crypto market as top altcoins like XRP, Solana, and Ethereum rallied in response to the news [1]. In the PEPE futures market, open interest has also seen a steady increase, rising from $570 million to $678 million over the past few days [1].

Technical analysis of PEPE’s 4-hour chart suggests that the price is approaching a key resistance level at $0.00001180. The price has been trending near its 200-period exponential moving average (EMA) in this lower time frame and could potentially break through the $0.00001200 threshold, which would open the door for a 17% short-term gain. Notably, the Relative Strength Index (RSI) has not yet entered overbought territory, indicating that there is still room for upward movement [1].

Analysts have pointed out that the potential approval of ETFs for meme coins like PEPE by the U.S. Securities and Exchange Commission (SEC) could further amplify demand and price appreciation [1]. This is particularly relevant in a market where 401(k) accounts hold over $8.7 trillion in assets, and the inclusion of crypto could bring a substantial influx of capital into the space [1].

Given the bullish indicators and market dynamics, many observers believe that PEPE could soon reach its recent swing high of $0.00001400, particularly if the broader crypto market continues to attract institutional interest. With billions of dollars potentially flowing into crypto in the near term, the outlook for PEPE appears increasingly positive [1].

Source: [1] Pepe Price Prediction: $500M Volume Surge Signals Trend Reversal – Explosive Upside Coming Next (https://cryptonews.com/news/pepe-price-prediction-500m-volume-surge-signals-trend-reversal-explosive-upside-coming-next/)