Cryptocurrency Pepe Falls More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Pepe (CRYPTO: PEPE) has seen a price drop of 9.48% in the last 24 hours, continuing a weekly decline of 8%. Despite the price drop, trading volume increased by 15% over the past week. The circulating supply decreased slightly, and Pepe's market cap is ranked #29 at $4.05 billion.
October 08, 2024 | 3:03 pm
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Pepe's price has dropped significantly by 9.48% in the last 24 hours, continuing a downward trend over the past week. Despite the price drop, trading volume has increased by 15%, indicating heightened trading activity. The circulating supply has slightly decreased, and Pepe's market cap is currently ranked #29.
The significant price drop of 9.48% in 24 hours suggests a negative short-term impact on Pepe's value. The increase in trading volume indicates active trading, possibly due to the price volatility. The slight decrease in circulating supply and the current market cap ranking provide context but do not offset the negative price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100