Cryptocurrency Pepe Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Pepe (CRYPTO: PEPE) has experienced a 5.37% price drop in the last 24 hours, contrasting with a 22% gain over the past week. Trading volume increased by 111% over the week, while circulating supply slightly decreased. Pepe's market cap is ranked #27 at $4.30 billion.
October 01, 2024 | 7:02 pm
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NEGATIVE IMPACT
Pepe's price fell by 5.37% in the last 24 hours, despite a 22% gain over the past week. Increased trading volume and a slight decrease in circulating supply were noted.
The recent 5.37% price drop in Pepe suggests a short-term negative impact on its price. Despite a strong weekly performance, the sudden drop indicates potential volatility. The increased trading volume suggests heightened market activity, which could lead to further price fluctuations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100