PEPE (Pepe) has risen 2.40% in the last 24 hours.

Gate News Bot news, on September 29, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000093484, with a rise of 2.40% in the last 24 hours, reaching a high of $0.0000098342 and a low of $0.0000088837. The current market capitalization is approximately $39.33 billion, an increase of $92 million from yesterday. Currently, PEPE ranks 33rd in global Crypto Assets market capitalization.

Pepe is a token purely driven by meme power, aimed at revitalizing meme coins. PEPE was secretly launched without a presale, with zero taxes, the liquidity pool has been destroyed, and the contract has relinquished ownership. PEPE is a token that belongs to the people forever, with a total supply of 420.69 trillion. The project has no formal team or roadmap, emphasizing its complete uselessness and is intended for entertainment purposes only.

Important news about PEPE recently:

1️⃣ Large holders increase their holdings in other tokens A large holder of PEPE recently invested approximately $1.191 million to purchase EIGEN and LINEA tokens. This investor currently holds $12.31 million worth of PEPE, accounting for about 35% of their portfolio. This behavior may reflect that some large PEPE holders are seeking portfolio diversification while maintaining high confidence in PEPE.

2️⃣ Short-term price volatility intensifies The price of PEPE has experienced significant volatility over the past week. On September 26, PEPE fell by 4.79% to $0.0000091589, with a market capitalization shrinking by nearly $200 million. However, as of the latest data, PEPE has rebounded by 2.40%, with a market capitalization rise of $92 million, indicating an improvement in market sentiment.

3️⃣ Trading volume remains high Despite price fluctuations, the trading volume of PEPE continues to remain high. The 24-hour trading volume on September 26 reached $809 million, reflecting strong market interest in PEPE and potentially significant short-term speculative activity.

From a technical perspective, the PEPE price has rebounded from a previous low of $0.0000088837 but has not yet broken through the recent high of $0.0000098342, indicating that the market is still searching for direction. On the fundamental side, PEPE, as a purely meme coin, is primarily influenced by market sentiment and speculative behavior, lacking substantial value support, which may be the fundamental reason for its continuous price fluctuations.

This message is not intended as investment advice; investors should be aware of market volatility risks.