News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn’t been healthy and might be followed by a pullback. PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after <a href="https://cryptopotato.com/memecore-m-flips-pepe-pepe-after-pumping-25-in-a-day-details/" rel="nofollow" target="_blank">posting</a> a significant price increase. <a href="https://x.com/TokenTalk3x/status/2112826521102721179" rel="nofollow" target="_blank">According</a> to Token Talk, PEPE’s bulls have “one job right now”: push the token’s market cap above $2.21 billion. “The daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,” the analyst added. X user Sjuul | AltCryptoGems also <a href="https://x.com/AltCryptoGems/status/2113248262987870219" rel="nofollow" target="_blank">issued</a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of “relative strength.” He believes buyers must now hold that flipped support/resistance level to trigger an additional potential pump. For his part, Crypto With Gopal <a href="https://x.com/cryptowithgopal/status/2113563112704192922" rel="nofollow" target="_blank">claimed</a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building. Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn’t be a surprise. The token’s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94. PEPE’s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure. The post <a href="https://cryptopotato.com/pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way/" rel="nofollow" target="_blank">Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow" target="_blank">CryptoPotato</a>.
S&P 500 asset management institutions net long 904,019 contracts
BiJie Network US stock market data: In S&P 500 index futures, asset management institutions held a net long position of 904,019 contracts, accounting for 46.24% of open interest.
Ukrainian Air Force: Russia attacked multiple regions of Ukraine using 126 drones.
According to CoinWorld news, the Ukrainian Air Force: last night, Russia attacked multiple regions of Ukraine using 126 drones, of which 101 were shot down by Ukrainian forces.
The 4-hour trading volume ratio of SOL contracts to spot is 5.79.
CoinWorld data: Over the most recent 4 complete hours, SOLUSDT perpetual contract trading volume was 5.79 times spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it decreased by 4.0215; compared with the same-caliber snapshot 7 days ago, it decreased by 1.4006.
Russian Ministry of Defense: Russian air defense systems intercepted and destroyed 616 Ukrainian drones overnight.
According to CoinWorld news, the Russian Ministry of Defense: Russian air defense systems intercepted and destroyed 616 Ukrainian drones overnight.
The 4-hour trading volume ratio of ETH contracts to spot is 12.23.
CoinWorld data: Over the most recent 4 complete hours, ETHUSDT perpetual contract trading volume was 12.23 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it fell by 1.3726; compared with the same-caliber snapshot 7 days earlier, it rose by 0.9389.
Franklin Templeton adds approximately 144 million SGBenji on the XRP Ledger.
Coin World news, according to Coindesk, Franklin Templeton added approximately 144 million SGBenji shares on the XRP Ledger (XRPL) through two subscriptions of $75 million each, increasing the fund shares on the network from about 48 million to nearly 193 million. Based on the transaction records at $1.039 per share, the total value is approximately $200 million. All shares are concentrated in a single wallet, which shares the same 8 authorized signer addresses as the issuing account, with any two able to jointly approve transactions. It is currently unclear whether the wallet represents a single investor or holds assets aggregated for multiple clients. SGBenji corresponds to Franklin's Singapore-registered USD short-term money market fund, which invests in short-term US dollar debt and money market instruments.
Circle's USDC circulating supply decreased by 500 million over the past 7 days.
CoinWorld data: Circle's USDC circulating supply decreased by 500 million coins over the past 7 days, with a total circulating supply of 72 billion coins. As of October 22, Circle issued approximately 12.8 billion USDC and redeemed approximately 13.3 billion USDC, resulting in a decrease of about 500 million coins in circulating supply. The total circulating supply of USDC is 72 billion coins, with reserves of approximately 72.2 billion USD, including approximately 36.1 billion USD in overnight reverse Treasury repurchase agreements, approximately 25.9 billion USD in Treasury bills with maturities of less than 3 months, approximately 9 billion USD in deposits at systemically important institutions, and approximately 700 million USD in other bank deposits.
The 4-hour trading volume ratio of BTC contracts to spot is 9.59.
CoinWorld data: Over the most recent 4 complete hours, BTCUSDT perpetual contract trading volume was 9.59 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 1.5713; compared with the same-caliber snapshot 7 days earlier, it rose by 4.772.
Russell 2000 stock index futures open interest stands at 466,789 contracts.
BiJie Network US stock market data: Russell 2000 stock index futures open interest stands at 466,789 contracts.