30s Summary

The Ethereum-based meme coin, PEPE, has risen approximately 230% from its previous low, now trading at an all-time high. The surge occurred after the coin was listed on major crypto exchanges like Robinhood Crypto, Coinbase, and South Korea’s largest crypto exchange, Upbit. Over the past week, the coin’s value has grown 104% with a 124% rise in trading volume. Following its listing, PEPE’s total open interest increased by 160%, indicating positive market sentiment. Despite the surge, the PEPE team advised investors to study before making decisions due to investment risks.

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PEPE, the top Ethereum-based meme coin, has been on the up since November 5th. It’s now up roughly 230% from its previous low, now trading at an all-time high of $0.00002597 as of November 14th.

In the past 24 hours, PEPE’s value has grown 15%, and it has gained 104% over the past week. It’s clear the coin is making significant gains, and it doesn’t seem to be slowing down.

Turning to its trading volume, PEPE has seen a huge 124% jump over the past day, trading a massive $19.6 billion. The market cap of PEPE too, briefly touched $10.2 billion on November 14th and currently sits at $8.8 billion.

So, why such momentum for PEPE’s price lately? PEPE’s strong performance came after it got listed on some major crypto exchanges. Robinhood Crypto and Coinbase, two big platforms announced on November 13th that they were making PEPE available for their US customers. With Coinbase being the largest crypto exchange in the US and 3rd largest globally, you can imagine how this news only helped to push PEPE’s value further.

More good news for PEPE came when it was also made tradeable on South Korea’s largest crypto exchange, Upbit, thus further fueling the momentum. Not just PEPE, but other meme coins have also been performing well, reflecting a broader trend across the meme coin sector, following Donald Trump’s election win and his promise to reduce regulatory scrutiny on such coins.

PEPE’s rally has also been backed by an increase in open interest, a key metric to evaluate market sentiment. PEPE’s total open interest on all exchanges increased by a whopping 160% from $108 million on November 5th to a record high of $282.2 million on November 14th.

All in all, PEPE’s future looks promising! But as always, please remember that every investment comes with its own risks. So, do your homework before making any decisions.