Cryptocurrency Pepe Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Pepe (CRYPTO: PEPE) has seen a price decrease of 4.34% in the last 24 hours, now at $0.0000082, despite a 27.0% increase over the past week. Trading volume has decreased by 20.0%, while the circulating supply rose by 0.35% to 420.69 trillion, matching its max supply. PEPE's market cap ranks it #34 at $3.43 billion.
May 07, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Pepe (PEPE) experienced a 4.34% price drop in the last 24 hours to $0.0000082, despite a weekly gain of 27%. The trading volume decreased by 20%, and the circulating supply is now fully maxed out at 420.69 trillion.
The short-term price drop of Pepe, despite its recent weekly gains, indicates a potential cooling off or correction phase. The decrease in trading volume suggests lower market activity, which could further impact its price negatively in the short term. The fact that the circulating supply has reached its maximum could add to the selling pressure, as all available coins are now in circulation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100