Pepe Coin

Pepe

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-coin-price-surge-followed-by-a-decline/" data-wpel-link="internal">Pepe Coin Price Surge Followed by a Decline</a><br></p>
<p style="text-align: justify"><strong>Pepe’s (PEPE)</strong> price experienced a sudden increase on February 23, 2024, making it one of the top gaining altcoins. However, the meme token could not maintain its momentum as its daily chart turned to a downward trend once again. Here are the latest details on the cryptocurrency!</p> 
<h2 id="20-increase-in-pepe-s-price">20% Increase in PEPE’s Price</h2> 
<p style="text-align: justify">Following a recent post by BSCDaily, a popular X analyst publishing updates related to the <a href="https://en.coin-turk.com/the-future-of-bnb-coin-market-volatility-and-price-predictions/" data-wpel-link="internal">BNB</a> Chain ecosystem, it was revealed that <strong>PEPE’s</strong> price surged by 20% on February 23. This double-digit price increase made the meme token the top gainer within the BNB Chain ecosystem. Alongside PEPE, ZIG and GTAI also entered the top three on the same list.</p> 
<p style="text-align: justify">However, PEPE could not maintain its position for long as it lost its 20% gain due to a price drop of approximately 9.5% in the last 24 hours. According to the website 21milyon.com, the meme token was trading at $0.00000119 with a market value of over $262 million at the time of writing. Moreover, according to IntoTheBlock data, more than 46% of PEPE investors were incurring losses. The decline in the cryptocurrency’s value is attributed to a sharp increase in exchange inflows while the price of the <strong>meme token</strong> was rising, which is generally a bearish signal.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-319278 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/pepe-2.webp" alt="" width="2048" height="693"></p> 
<h2 id="on-chain-data-for-pepe">On-Chain Data for PEPE</h2> 
<p style="text-align: justify">Additionally, after an increase in weighted sentiment, the chart began to close again, which could indicate an increasing bearish trend around the meme token. Nevertheless, whale activities around <strong>PEPE</strong> remained high. Market sentiment and exchange inflows, along with several market indicators, were also said to be in favor of sellers. The Money Flow Index (MFI) also recorded a slight decline, which could indicate a further drop in prices.</p> 
<p style="text-align: justify">However, since several other indicators showed an upward trend, nothing can be said with certainty. On the other hand, the cryptocurrency PepeFork (PORK), a result of a fork on the original blockchain, met a similar fate. According to data from the website 21milyon.com, PORK’s value dropped by over 7% in the last 24 hours. It was trading at $0.000003999 at the time of writing.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pepe-coin-price-surge-followed-by-a-decline/" data-wpel-link="internal">Pepe Coin Price Surge Followed by a Decline</a></h5>

Pepe Coin Price Surge Followed by a Decline

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