Cryptocurrency Pepe Rises More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Pepe (CRYPTO: PEPE) has seen a 7.86% price increase in the past 24 hours, continuing a positive trend with a 9.0% gain over the past week. Despite the price rise, trading volume has decreased by 43.0%, and the circulating supply has increased slightly by 0.47%. Pepe's market cap is currently ranked #22 at $6.42 billion.
May 31, 2024 | 3:01 pm
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Pepe (CRYPTO: PEPE) has experienced a 7.86% price increase in the past 24 hours and a 9.0% gain over the past week. However, trading volume has decreased by 43.0%, and the circulating supply has increased by 0.47%.
The significant price increase in a short period suggests positive market sentiment. However, the decrease in trading volume could indicate less investor interest or profit-taking. The slight increase in circulating supply is not substantial enough to offset the positive price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100