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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>.
BTC large holder account long-short ratio is 2.2595
CoinWorld data: The latest 4-hour snapshot for BTCUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 2.2595, with more net long accounts among large holders. Compared with the same-metric snapshot 24 hours ago, it rose by 0.0117; compared with the same-metric snapshot 7 days ago, it rose by 0.4258.
Nvidia faces its first major test as an AI financier
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HSBC launches HKD stablecoin Redcoin through PayMe.
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TRON's stablecoin settlement volume reached $2.21 trillion in Q3.
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AAPL off-exchange short sale volume reported at 62.69%
BiJie Network US stock data: AAPL's off-exchange short selling volume accounted for 62.69% of the total that day. Compared with the same-caliber snapshot 24 hours earlier, it rose by 4.8541 percentage points; compared with the same-caliber snapshot 7 days earlier, it rose by 8.8214 percentage points.
Houthi forces say Saudi-led coalition airstrikes hit multiple locations in Yemen
According to a CoinWorld news report, the Yemeni Houthi armed group announced on the afternoon of the 24th local time that earlier that day, the Saudi-led coalition carried out a series of airstrikes targeting Yemen's capital Sanaa and Muharraq and other locations.
The Succinct zero-knowledge proof system has disclosed a high-severity vulnerability affecting multiple versions.
CoinWorld news: Succinct's zero-knowledge proof system sp1 has exposed a high-severity reliability vulnerability affecting native Rust verifier versions 6.0 to 6.8.0, and the mainnet Prover Network may accept invalid proofs. The vulnerability stems from the verifier only reading data tags without validating the number of stored elements, allowing attackers to forge tags so that invalid proofs pass. Succinct released fix version 6.8.1 on September 24 and has deployed it to mainnet. The vulnerability was discovered by Vitalis Salis and reported via Immunefi, and users need to upgrade to 6.8.1.
The total market capitalization of the crypto market stands at $2.69 trillion.
CoinWorld data: The total market capitalization of the crypto market is $2.69 trillion, with a trading volume of $62.23 billion over the past 24 hours.
The central banks of Singapore, Malaysia, and Thailand are joining forces to promote cross-border digital currency payments.
CoinWorld news, the Monetary Authority of Singapore announced on the 23rd that Bank Negara Malaysia and the Bank of Thailand have officially joined the bloom digital currency cross-border cooperation initiative. The three countries will work with the financial industry to promote cross-border digital currency payments, making fund transfers between different countries more convenient and faster. The cooperation will focus on studying how different countries accept and settle digital currencies, promoting the interconnection of national payment systems, and strengthening identity verification, transaction review, and risk management to ensure the security of cross-border transactions. The institutions participating in the plan have also further expanded, including Mastercard, Visa, Ripple, Maybank, Airwallex, Monee, Nium, ShopeePay, and the World Bank Group.