- PEPE’s market cap rises to $1.8B with strong daily trading activity.
- Trading volume reaches $559.91M, gaining over 63% in 24 hours.
- Inflows exceed $1B even as technical indicators reflect a sell rating.
PEPE has regained momentum in the market, climbing to a $1.8 billion market cap with nearly $600 million in 24-hour trading volume. Despite technical indicators flashing a sell signal, the meme token saw over $1 billion in inflows, suggesting renewed interest and activity from traders watching short-term price movements.
PEPE Market Cap Climbs Back to $1.8B With Volume Nearing $600M
The meme-based cryptocurrency PEPE is showing renewed strength, as data from TradingView confirms its market cap has returned to $1.8 billion. The token, which has a circulating and total supply of 413.77 trillion, is trading at $0.0000043379 marking a 4.44% increase over the past 24 hours.
The 24-hour trading volume surged to $559.91 million, representing a 63.98% increase, and suggesting a sharp rise in market engagement. PEPE’s all-time high remains at $0.0000283620, though the current price is still far below that level. The fully diluted market cap remains in line with the live market cap at $1.8 billion.
Technical Sentiment Shows Sell Despite High Inflows and Price Gains
According to technical indicators, PEPE is currently rated as a “sell,” with the signal positioned between “sell” and “strong sell.” The reading comes despite the token’s daily gains and inflows exceeding $1 billion, as noted by crypto user PepeEthWhale on social media.
The inflow data suggests that capital is still entering the market, though traders are proceeding with caution. Technicals may reflect lagging sentiment from previous price levels or broader market uncertainty.
Although the current trend is upward, market participants are watching closely for sustained strength. Volume spikes like the current one can either signal temporary activity or the early phase of renewed accumulation.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
