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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>.
Fomo co-founder responds to rumors of developing a Solana Launchpad
According to CoinWorld news, Fomo co-founder Se Yong Park responded to rumors that Fomo is developing its own Solana Launchpad, explicitly stating that the team has no such plan. He further explained that there are already too many tokens in the current market, and Fomo has no intention of continuing to increase the number of tokens; instead, it hopes to help stronger communities continue to grow. Previously, X user Ramonos claimed that as competition among Solana token issuance platforms intensifies, Fomo is preparing to launch its own Launchpad.
Nearly 60% of stock token trading on Robinhood Chain occurs outside regular U.S. stock market hours.
CoinWorld data: Crypto researcher Tom Wan stated that from September 24 to October 23, stock token DEX trading volume on Robinhood Chain reached $3.68 billion, of which 59% occurred outside regular U.S. stock trading hours. Regular-hours trading volume was $1.5 billion, while pre-market, overnight, weekend, and after-hours trading volumes were $677 million, $608 million, $532 million, and $363 million, respectively. The 23-hour trading mechanism planned by Nasdaq and NYSE Arca for launch on December 6 covers only part of the overnight demand, and weekend trading remains an advantage of on-chain markets.
The VIX volatility index stands at 19.45 points.
CoinWorld US stock data: The VIX volatility index closed at 19.45 points. Compared with the same-caliber snapshot 24 hours earlier, it was unchanged.
The UK announces the establishment of an AI biosecurity laboratory.
CoinWorld news, Cailian Press reported on October 25 that the UK government announced on the 24th that it will establish an artificial intelligence (AI) biosecurity laboratory to use cutting-edge AI technology to strengthen the monitoring of and response to biological threats, and to accelerate the research and development of medical countermeasures such as vaccines and drugs.
Alexey Likhachev, CEO of Rosatom: Russia has completed repair work at the Zaporizhzhia Thermal Power Plant.
Alexey Likhachev, CEO of Rosatom: Russia has completed repair work at the Zaporizhzhia Thermal Power Plant.
OpenAI 28-Day Product Sprint Day 20: Out of things to do, continue resetting quotas.
CoinWorld news: OpenAI's 28-day product sprint has reached day 20. Tibo did not announce any new features today, only posting "rest and reset," announcing another reset of Codex and ChatGPT usage limits. Resets were also scheduled on days 17 and 18 previously, and now another one has come today. Tibo later added that it is expected to be completed before midnight Pacific Time, corresponding to before 3 PM Beijing Time on October 25.
BTC liquidations totaled $118 million over the past 24 hours.
According to Bijie.com data, the liquidation amount for BTC over the past 24 hours is approximately $118 million, with 3,734 liquidation orders recorded. Compared with the same-caliber snapshot 24 hours ago, it is up 78.79%; compared with the same-caliber snapshot 7 days ago, it is up 309.5%.
Se Yong Park: fomo has no intention of launching a Solana ecosystem token issuance platform.
CoinWorld news: fomo co-founder Se Yong Park said on X that there are currently too many tokens in the market, and the team has no intention of adding new tokens; instead, it hopes to help the strongest communities continue to grow. He also denied that fomo plans to launch a Solana ecosystem token issuance platform to compete with pump.fun.
The Bank of Israel rejects Netanyahu's plan to use cryptocurrency to evade international sanctions.
Banking Circle news: The Bank of Israel rejected Prime Minister Benjamin Netanyahu's plan to use cryptocurrency to circumvent potential international financial sanctions. The central bank warned that cryptocurrency cannot help Israel avoid sanctions and urged the government to protect relations with major trading partners. The warning comes as the United Kingdom, France, Canada and other Western allies plan to impose sanctions on Israeli settlements in the West Bank. Opposition leaders warned that the plan could leave Israel financially isolated, similar to Iran, Russia and Venezuela.