Key Points
- PEPE Coin experienced an 18.5% price increase, now valued at $0.0000080.
- A 62% jump in trading volume, with $1.64 billion, mostly on Binance.
- Planned listing for Pepe perpetual futures, set for non-U.S. residents.
PEPE Coin has recently achieved a significant milestone in its cryptocurrency market journey. The coin’s price surged by 18.5%, now valued at $0.0000080, and its trading volume skyrocketed by 62%, reaching $1.64 billion. This impressive performance has catapulted PEPE Coin to the 37th position among digital assets, with a market capitalisation of $3.31 billion. The trading spotlight has been on Binance, where PEPE Coin’s trading volume hit a staggering $768 million, accounting for 46.8% of its total volume.
PEPE Coin’s Future Contracts Launch on Coinbase Delayed
PEPE Coin’s trading dynamics have been notably influenced by its activities on major exchanges. A key highlight was its planned listing on Coinbase, specifically for Pepe perpetual futures contracts. The team originally announced the launch on April 11 but delayed it due to technical issues, setting a new resumption date for April 23. The company targeted this listing exclusively at non-US residents, reflecting a strategic market targeting that could influence future trading volumes and liquidity.
Investor Activity Rises: PEPE’s Large Transactions Up 11%
Investor sentiment around PEPE Coin can be partially gauged by looking at whale activities. There was an 11% increase in large transactions, with the count rising from 246 transactions the previous day to 273. Furthermore, this uptick in whale activity suggests a growing interest from large-scale investors, potentially driving the price change and contributing to the coin’s volatility. Additionally, the Relative Strength Index (RSI) moved from 46 to 56, indicating that the asset is slightly overheated and might be perceived as overvalued in the short term.
Massive PEPE Coin Movement: 5.65T In, 4.87T Out
Token flow data reveals significant movement of PEPE tokens in and out of exchanges. A massive 5.65 trillion PEPE tokens entered exchanges, while 4.87 trillion exited, resulting in a net inflow of 780 billion tokens. Large token inflows to exchanges suggest investors may be preparing to sell, indicating potential short-term profit-seeking behaviour.
Investor Watch: Volatility & Strategic Moves
The recent performance and strategic listings of PEPE Coin highlight its potential volatility and investor interest in the cryptocurrency market. As it continues to navigate technical challenges and market dynamics, PEPE Coin remains a significant player to watch. Therefore, investors and market analysts will observe how these factors influence its price and market position in the upcoming months. PEPE Coin’s market cap and trading activities mirror the wider trends in the digital asset space. Consequently, they highlight the ongoing evolution and inherent speculation in cryptocurrency markets.
