Pepe Surges 6.3% Amid Market Volatility, Value Reaches $3.08 Billion

Over the past 24 hours, Pepe's (CRYPTO: PEPE) price ascended by 6.3%, reaching $0.0000073. This upward trend aligns with its weekly performance, marking a 6.0% increase from $0.0000070. The trading volume has surged by 34.0%, while the circulating supply has decreased by 0.69%, indicating a divergence in market dynamics.

Pepe Surges 6.3% Amidst Market Volatility

In a notable market swing, Pepe (PEPE) has witnessed a significant 6.3% surge in its price over the past 24 hours, currently trading at $0.0000073. This latest gain follows a steady positive trend observed over the past week, where PEPE has accumulated a 6% increase, moving from an initial value of $0.0000070.

The past 24 hours have been characterized by elevated volatility, as depicted by the wider Bollinger Bands in the price chart. The gray bands, representing volatility, have expanded compared to the previous week, indicating greater price fluctuations.

Furthermore, the trading volume for PEPE has spiked by 34% over the past week, contrasting with a slight decrease of 0.69% in its circulating supply. Notably, the circulating supply currently stands at 420.69 trillion, accounting for an estimated 100% of the maximum supply of 420.69 trillion.

According to data from CoinGecko, PEPE holds its position as the 45th largest cryptocurrency by market capitalization, with a current valuation of $3.08 billion. Its impressive market ranking highlights the growing interest and demand for PEPE among investors.

It is crucial to note that this article has been generated by Benzinga's automated content engine and reviewed by an editor. Benzinga does not offer investment advice, and the information provided should not be construed as financial counsel.