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More →Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn’t been healthy and might be followed by a pullback. PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after <a href="https://cryptopotato.com/memecore-m-flips-pepe-pepe-after-pumping-25-in-a-day-details/" rel="nofollow" target="_blank">posting</a> a significant price increase. <a href="https://x.com/TokenTalk3x/status/2112826521102721179" rel="nofollow" target="_blank">According</a> to Token Talk, PEPE’s bulls have “one job right now”: push the token’s market cap above $2.21 billion. “The daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,” the analyst added. X user Sjuul | AltCryptoGems also <a href="https://x.com/AltCryptoGems/status/2113248262987870219" rel="nofollow" target="_blank">issued</a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of “relative strength.” He believes buyers must now hold that flipped support/resistance level to trigger an additional potential pump. For his part, Crypto With Gopal <a href="https://x.com/cryptowithgopal/status/2113563112704192922" rel="nofollow" target="_blank">claimed</a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building. Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn’t be a surprise. The token’s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94. PEPE’s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure. The post <a href="https://cryptopotato.com/pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way/" rel="nofollow" target="_blank">Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow" target="_blank">CryptoPotato</a>.
A wallet address associated with the GPS project team received 1.5 million ETH, worth approximately $1.16 million.
CoinWorld data: An address associated with the GPS project team received 1.5 million Ethereum (ETH) 9 hours ago, worth approximately $1.16 million at current prices. Goplus is regarded as Web3 security infrastructure, while TreadFi is trading execution infrastructure. After searching, it appears that the two projects have had no public cooperation or connection before, and the intent of this transaction remains unclear.
The long-to-short ratio of BTC whale accounts is 2.2041.
CoinWorld data: The latest 4-hour snapshot for BTCUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 2.2041, with more net long accounts among large holders. Compared with the same-metric snapshot 24 hours ago, it is down 0.0427; compared with the same-metric snapshot 7 days ago, it is up 0.3363.
Nasdaq 100 asset managers net long 78,767 contracts
CoinWorld US stock data: In Nasdaq 100 index futures, asset management institutions held a net long position of 78,767 contracts, accounting for 27.55% of open interest.
The Houthis said Saudi Arabia carried out 124 strikes on Yemen in the past 24 hours.
CoinWorld news: [Houthi armed forces say Saudi Arabia attacked Yemen 124 times in the past 24 hours] On the evening of the 23rd local time, Yemeni Houthi armed forces spokesman Yahya Saree posted on social media that in the past 24 hours, Saudi Arabia launched 124 airstrikes and missile attacks on Yemen's capital Sanaa, the southwestern province of Taiz, the southern province of Lahij, the northern provinces of Jawf and Saada, the northwestern province of Hajjah, and the western province of Hodeidah, causing multiple casualties. It is said that the F-15 fighter jets participating in the airstrikes took off from an air base in Khamis Mushait in southwestern Saudi Arabia, while the missile attacks were launched from the direction of the southwestern Saudi city of Najran. Saree said that since the Saudi side escalated its military operations against Yemen, the cumulative number of airstrikes and missile attacks has reached 3,024. The Saudi side has not yet responded to this.
Russian Ministry of Justice: Temporary restrictive measures imposed on 12 Russian nationals abroad.
The Russian Ministry of Justice announced on the 23rd that it has imposed temporary restrictive measures on the first batch of 12 Russian individuals in accordance with the law. According to Russian media reports, this decision means that Russian law enforcement authorities may impose penalties on these individuals subject to enforcement, including temporarily freezing their funds and other assets and refusing to provide them with lending and transfer services.
The 2026 World Young Scientists Summit convened, with multiple achievements released to the public.
According to CoinWorld news, the 2026 World Young Scientists Summit opened on October 24 in Wenzhou, Zhejiang. At the main plenary session, several major achievements were officially released, including the global "Young Scientists Pioneer List 2035" in the quantum technology field, which focuses on quantum materials and quantum information, identifying and promoting 20 promising young research leaders and creating an observation window for global young scientific and technological talent. Also released was the "Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence," which outlines the talent layout and mobility trends in this frontier track and provides reference support for international collaborative innovation in the field of artificial intelligence.
Opay plans to raise $336 million through an IPO, valuing it at over $4 billion.
CoinWorld news, Opay Ltd. plans to raise up to $336 million through an initial public offering (IPO). According to the company's filing with the U.S. Securities and Exchange Commission (SEC), Opay plans to offer 16 million American Depositary Receipts (ADRs) at a price of $19 to $21 per share. Each ADR represents 10 ordinary shares of Opay. Based on the midpoint of the offering price range, Opay's market capitalization could exceed $4 billion. The company expects its ADRs to be listed on the New York Stock Exchange under the ticker symbol "OPAY."
Nasdaq stocks unchanged: 289.
BiJie Network US stock market data: Nasdaq securities unchanged on the day totaled 289. Compared with the same-caliber snapshot 24 hours earlier, this was up 0.7%; compared with the same-caliber snapshot 7 days earlier, it was up 22.46%.
Dow Jones stock index futures open interest is 94,269 contracts.
BiJie Network US stock data: Dow Jones stock index futures open interest is 94,269 contracts.