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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>.
Chroma joins Replit: cloud service to shut down within 60 days, open-source database to remain
According to Biji Network news, Chroma has announced that it has signed an agreement with Replit to join the other party. Chroma's open-source vector database chromadb has about 6 million monthly downloads and nearly 30,000 GitHub stars. Replit values Chroma's enterprise-grade AI agent memory system Foundation, which can read Codex and Slack messages, extract team experience through background agents, and update the enterprise knowledge base. Different agents can share this knowledge and avoid repeated exploration. The two parties had already collaborated in 2023 to launch an AI application development template, and Replit CEO Amjad Masad and President Michele Catasta were also early investors in Chroma. Chroma's original cloud service will stop writes starting November 22 and stop reads on December 22, and existing customers need to complete data migration before then. The open-source chromadb will continue to use the Apache 2.0 license, part of the closed-source code has already been opened, and Replit promises to continue contributing code.
Riyadh Airport plans to reopen, Houthi armed forces issue warning
CoinWorld news: King Khalid International Airport in Riyadh, the capital of Saudi Arabia, announced that it will reopen some terminals on the 25th after being out of service for two weeks due to an attack. The Yemeni Houthi armed group warned that day that the airport remains a target of its military strikes, and that aircraft and personnel should avoid it. King Khalid International Airport has been attacked multiple times in the latest round of conflict between Saudi Arabia and the Houthi armed group. The most serious attack occurred on the 10th of this month, causing 13 deaths and more than 300 injuries, making it the deadliest attack Saudi Arabia has suffered in more than a decade. The airport was subsequently closed.
The active buy volume share of BTC contracts over the past 4 hours is 53.68%.
According to Bijie.com data, the taker buy volume share of BTCUSDT perpetual contracts over the most recent 4 complete hours was 53.68%, while the taker sell share was 46.32%, with taker buying dominating. Compared with the same-caliber snapshot 24 hours earlier, it rose by 1.9353 percentage points; compared with the same-caliber snapshot 7 days earlier, it fell by 3.2876 percentage points.
Frank: The main perpetual contract wallet has not yet turned a profit overall, and it and BONK Guy trade the lead in profit and loss rankings.
According to a CoinWorld report, Degods founder Frank responded on the X platform to the title of "best trader," saying that the title is inappropriate and clarifying that his main perpetual contract wallet has not yet been profitable overall, with most of his funds coming from on-chain trading across various market cycles. Frank's cumulative profit and loss ranking on the FOMO platform once surpassed BONK Guy to rise to first place, but BONK Guy has now overtaken Frank again.
Over the past 4 hours, active buy trades accounted for 52.31% of ETH futures trading volume.
CoinWorld data: Over the most recent 4 complete hours, the taker buy volume share of the ETHUSDT perpetual contract was 52.31%, while the taker sell share was 47.69%, with taker buying dominating. Compared with the same-caliber snapshot 24 hours earlier, it rose by 4.4037 percentage points; compared with the same-caliber snapshot 7 days earlier, it fell by 0.3652 percentage points.
BTC saw a net capital outflow of 1,431.4061 BTC over the past 24 hours.
BiJie Network data: BTC saw inflows of 6,675.1607 BTC and outflows of 8,106.5667 BTC over the past 24 hours, for a net outflow of 1,431.4061 BTC. This figure comes from the rolling 24-hour calculation of the same BTC fund distribution interface, with the net amount calculated as inflows minus outflows. It does not represent net exchange inflows, on-chain exchange flows, or institutional fund flows, and should not be mixed with deposit/withdrawal data from any single exchange. Compared with the same-caliber snapshot 24 hours ago, it is down 1,757.92%; compared with the same-caliber snapshot 7 days ago, it is down 160.34%.
Fomo co-founder responds to rumors of developing a Solana Launchpad
According to CoinWorld news, Fomo co-founder Se Yong Park responded to rumors that Fomo is developing its own Solana Launchpad, explicitly stating that the team has no such plan. He further explained that there are already too many tokens in the current market, and Fomo has no intention of continuing to increase the number of tokens; instead, it hopes to help stronger communities continue to grow. Previously, X user Ramonos claimed that as competition among Solana token issuance platforms intensifies, Fomo is preparing to launch its own Launchpad.
Nearly 60% of stock token trading on Robinhood Chain occurs outside regular U.S. stock market hours.
CoinWorld data: Crypto researcher Tom Wan stated that from September 24 to October 23, stock token DEX trading volume on Robinhood Chain reached $3.68 billion, of which 59% occurred outside regular U.S. stock trading hours. Regular-hours trading volume was $1.5 billion, while pre-market, overnight, weekend, and after-hours trading volumes were $677 million, $608 million, $532 million, and $363 million, respectively. The 23-hour trading mechanism planned by Nasdaq and NYSE Arca for launch on December 6 covers only part of the overnight demand, and weekend trading remains an advantage of on-chain markets.
The VIX volatility index stands at 19.45 points.
CoinWorld US stock data: The VIX volatility index closed at 19.45 points. Compared with the same-caliber snapshot 24 hours earlier, it was unchanged.