Pepe Coin Surges 13%, Reaches New ATH in Remarkable Recovery

Pepe coin reached a new all-time high of $0.00001559 with a 13% surge, reflecting an impressive recovery.

Pepe Coin's Resilience Amid Liquidations

Pepe coin made a significant move on May 25th, reaching a new all-time high of $0.00001559. This milestone, accompanied by a 13% price increase, has sparked substantial investor interest.

Pepe coin has demonstrated its resilience in the face of liquidations totaling $4.58 million. Despite this, the frog-themed meme token is currently in the midst of an extraordinary rally, which is capturing the attention of more investors.

According to Coingape, Pepe coin has made a significant move, climbing up to the 20th spot on the list of the largest cryptocurrencies by market capitalization. Combined with the aforementioned events, this paints a bullish picture of the market.

Major Investor Move to Binance

Also, famous crypto trader jwynn.eth (@JamesWynnReal) sent an amazing 491 billion PEPE to Binance, one of the biggest crypto platforms in the world, to cash out on this price rise. It's important to note that the investor still believes PEPE is worth less than it is.

PEPE is currently trading at $0.00001548, representing a 24-hour increase of 12.33% in price as of this writing. Its 24-hour low and high values are $0.00001366 and $0.00001559, respectively.

Investor Sentiment and Market Dynamics

As the volume of derivatives decreased by 41.05%, Coinglass data revealed that investor sentiment was divided, with OI increasing by 21.58%.

At 74, the RSI continued to surge in overbought territory, generating market sentiment indicative of an impending price correction.

Photo: Microsoft Bing

TokenPost | [email protected]