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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>.
The VIX volatility index's daily change is reported at 2.21%.
CoinWorld US stock data: The VIX volatility index rose 2.21% compared with the previous trading day. Compared with the same-caliber snapshot 24 hours earlier, it fell 11.8817 percentage points; compared with the same-caliber snapshot 7 days earlier, it fell 19.2389 percentage points.
The total market capitalization of the crypto market stands at 2.73 trillion US dollars.
According to Bijie data: the total market capitalization of the crypto market is $2.73 trillion, with a trading volume of $64.965 billion over the past 24 hours.
The U.S. Alaska LNG project secures financing from a Russian sanctions-hit giant.
Coin World news, according to a report by the UK Financial Times, the developer of a liquefied natural gas (LNG) facility in Alaska has obtained financing from Russia's Novatek PJSC, an energy giant subject to US sanctions. Joel Riddle, the developer's former chief executive, said that Novatek provided funding to the Polar Train LNG joint venture project and guided its operations before obtaining the necessary approval from the US Treasury Department. Riddle resigned last month, and other executives subsequently left as well. Polar LNG said in a statement on Friday that Riddle was a "disgruntled former employee" who had been fired. The statement said: "Development activities are being conducted in full compliance with applicable US law." According to the statement, the company has applied to the US Treasury Department's Office of Foreign Assets Control (OFAC) for a license to purchase an unfinished gravity-based structure—part of the LNG facility—from Novatek.
The proportion of active buy trades in SOL perpetual contracts over the past 4 hours is 51.95%.
CoinWorld data: Over the most recent 4 complete hours, the taker buy volume share of the SOLUSDT perpetual contract was 51.95%, while the taker sell share was 48.05%, with taker buying prevailing. Compared with the same-methodology snapshot 24 hours earlier, it decreased by 1.7347 percentage points; compared with the same-methodology snapshot 7 days earlier, it increased by 4.1355 percentage points.
The proportion of active buy trades in ETH contracts over the past 4 hours is 47.91%.
CoinWorld data: Over the most recent 4 complete hours, the taker buy share of ETHUSDT perpetual contract trades was 47.91%, while the taker sell share was 52.09%, with taker selling dominating. Compared with the same-methodology snapshot 24 hours earlier, it fell by 8.14 percentage points; compared with the same-methodology snapshot 7 days earlier, it fell by 2.1567 percentage points.
Huang Licheng's Ethereum long position is showing a 70% unrealized loss, with total losses reaching $35.35 million.
According to CoinWorld news, "Machi Big Brother" Huang Licheng holds a 25x long position of 315 ETH, currently showing an unrealized loss of $21,000, with an unrealized loss rate of 70%. The entry price was $2,447.57, and the liquidation price is $2,336.9. Currently, only $28,000 remains in the address, with a loss of $360,000 over the past 7 days, bringing the total loss to $35.35 million. In addition, Huang Licheng sold 2 Mutant Apes NFTs at a unit price of 1 ETH. He originally paid 6.13 ETH and 7.5 ETH for them, resulting in a total loss of 11.28 ETH.
Russell 2000 asset management institutions net long 30,960 contracts
Coin World US stock data: In Russell 2000 stock index futures, asset management institutions held a net long position of 30,960 contracts, accounting for 6.63% of open interest.
BTC saw a net capital inflow of 86.3374 BTC over the past 24 hours.
BiJie.com data: BTC saw inflows of 5,994.1657 BTC and outflows of 5,907.8284 BTC over the past 24 hours, for a net inflow of 86.3374 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 conflated with deposit/withdrawal data from any single exchange. Compared with the same-caliber snapshot 24 hours earlier, it is up 306.2%; compared with the same-caliber snapshot 7 days earlier, it is up 272.76%.
The proportion of active buy trades in BTC contracts over the past 4 hours is 51.74%.
CoinWorld data: Over the most recent 4 complete hours, the taker buy volume share of the BTCUSDT perpetual contract was 51.74%, while the taker sell share was 48.26%, with taker buying prevailing. Compared with the same-methodology snapshot 24 hours earlier, it fell by 2.8721 percentage points; compared with the same-methodology snapshot 7 days earlier, it rose by 7.5315 percentage points.