Pepe (PEPE) has garnered attention in the cryptocurrency market with its recent activity and trading metrics. Currently valued at $0.000009518, PEPE has shown a modest 4.85% increase over the last 24 hours, indicating fluctuating interest and trading activity in this unique digital asset.
PEPE holds a market capitalization of $4,003,975,987, placing it at #25 among cryptocurrencies by market cap. This ranking reflects significant market engagement and investor interest in PEPE.
The trading volume for PEPE over the past day has surged by 62.67%, reaching $844,952,365. This substantial trading volume underscores the active participation and liquidity in the PEPE market.
The volume-to-market cap ratio for PEPE is notably high at 21.12%, indicating robust trading activity relative to its market cap. Such a high ratio suggests a high turnover rate of PEPE tokens in the market, facilitating liquidity and market efficiency.
In terms of supply metrics, PEPE has a circulating supply of 420,689,899,999,995 tokens, which represents 100.00% of its total supply. The maximum supply is slightly higher at 420,690,000,000,000 PEPE tokens, indicating that virtually all tokens are in circulation. This distribution model can influence PEPE’s price stability and market behavior.
The fully diluted market cap of PEPE is $4,000,519,149, reflecting the total theoretical market value if all PEPE tokens were actively traded. This metric provides insight into the potential market valuation of PEPE considering its maximum supply.
The recent price increase in PEPE can be attributed to various factors, including market sentiment, speculative trading, and broader trends in the cryptocurrency sector. As an emerging digital asset, PEPE’s price dynamics may be influenced by market perception and investor sentiment.
From an investment perspective, PEPE’s 4.85% price increase presents opportunities for traders looking to capitalize on short-term market movements.
However, investors should exercise caution and conduct thorough research due to the inherent risks associated with cryptocurrency investments, including volatility and market unpredictability.
In summary, Pepe (PEPE) has shown notable market activity with its recent price movement and trading volume surge. As the cryptocurrency market evolves, PEPE’s ability to maintain liquidity and investor interest will be crucial for its long-term growth and market sustainability.
