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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>.
CoinDCX's old wallet infrastructure experienced an anomaly, resulting in a loss of 15.99 million USDT.
CoinDCX detected a system anomaly on October 21. An investigation confirmed that legacy wallet infrastructure deprecated in July 2025 was affected, with a malfunction in the automated fund sweeping service resulting in a loss of 15.99 million USDT. CoinDCX is bearing the full loss. Currently, CoinDCX's existing wallets and trading systems are unaffected, user funds are securely held in cold wallets, and trading, deposit, and withdrawal services are operating normally.
South Korea plans to postpone the crypto tax until 2029.
According to news from Bijie, the South Korean presidential office supports delaying the implementation of the planned 22% cryptocurrency gains tax until 2029, from the originally scheduled start in January 2027. According to an October 25 report, officials confirmed that discussions have shifted toward postponing implementation because the government is not yet fully prepared to collect the tax. The presidential office took into account concerns among young investors and the difficulty of obtaining transaction information from overseas cryptocurrency platforms. South Korea introduced a cryptocurrency income tax in 2020 through an amendment to the Income Tax Act, initially planned for implementation in January 2022, then postponed to 2023, 2025, and finally set for January 2027. This postponement would be the fourth delay since the bill was introduced. The current framework imposes a 22% tax on annual profits from selling or lending cryptocurrency, and after deducting an exemption of 2.5 million won, investors must pay 550,000 won in tax when they earn 5 million won in eligible annual gains. The government maintained the January 2027 deadline in August, but the latest decision indicates a change in the presidential office's position, requiring congressional approval to amend the existing law. The main concern is whether the government can collect accurate overseas transaction information.
Iran's air defense system shot down a US Lucas drone near the southern city of Bandar Abbas.
According to Iran's Tasnim News Agency: The Iranian military stated on Sunday that Iran's air defense system shot down a US "Lucas" drone near the southern city of Bandar Abbas.
The put/call ratio for single-stock options is reported at 0.67.
CoinWorld US stock data: The individual stock options Put/Call ratio is 0.67, with call option trading volume higher than put option volume on the day. Compared with the same-caliber snapshot 24 hours earlier, it is unchanged; compared with the same-caliber snapshot 7 days earlier, it is up 0.02.
Cailian Press, October 25: Saudi Arabia's benchmark index fell 1.1% in early trading, and Saudi Aramco shares dropped 1.2%.
According to CoinWorld news, Caixin reported on October 25: Saudi Arabia's benchmark index fell 1.1% in early trading, and Saudi Aramco's stock price dropped 1.2%.
The local governor said that an industrial facility in Russia's Perm region was damaged in a drone attack.
A local governor said an industrial facility in Russia's Perm region was damaged in a drone attack, according to CoinWorld news.
BTC liquidations totaled $119 million in the past 24 hours.
According to data from Bijie.com, the liquidation amount for BTC over the past 24 hours is approximately $119 million, with 3,840 liquidation orders recorded. Compared with the same-metric snapshot 24 hours ago, this is up 80.15%; compared with the same-metric snapshot 7 days ago, it is up 311.39%.
According to IRNA: Multiple areas of Kish Island in Iran have experienced continuous power outages since last night.
According to IRNA: Multiple areas on Kish Island in Iran have experienced continuous power outages since last night. It was reported that the outages were caused by a technical failure at a power plant on the island. As a result, some local schools have announced class suspensions.
Binance will launch pre-market trading for Predict perpetual contracts.
Binance announces it will launch pre-market trading for Predict perpetual contracts.