PEPE Token Slides 4.19% Amid Profit-Taking and Market Volatility, Still Sees $548M Volume

PEPEUSDT experienced a 4.19% price decline in the last 24 hours, opening at 0.00000596 and currently trading at 0.00000571 on Binance. This price change is attributed to continued profit-taking following previous sharp gains, mixed market sentiment with both bullish and bearish analyst forecasts, and a cooling period indicated by reduced network growth and daily active addresses. While recent positive developments such as the addition of the PEPE/USD1 spot pair on Binance and increased holdings by major market maker Wintermute have supported trading activity, these factors have been offset by ongoing volatility and seller pressure.

Currently, PEPE maintains a market capitalization of approximately $2.46 billion and ranks #34 by market cap, with a circulating supply of 420.7 trillion tokens. The last 24 hours saw trading volume reach $57.75 million on Binance and up to $548.81 million across all exchanges, reflecting significant market activity despite the recent pullback.