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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>.
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.
Bitcoin's market capitalization share stands at 59.46%.
BiJie Network data: Under BiJie Network's unified market methodology, Bitcoin's market capitalization accounts for 59.46% of the total cryptocurrency market capitalization.
Ethereum OG sells 1,000 ETH, purchased at $0.31 during the early issuance
According to a CoinWorld report, the on-chain monitoring platform Lookonchain reports that many Ethereum OGs are selling $ETH. Another Ethereum OG who purchased 100,000 $ETH at $0.31 each during the early issuance period sold 1,000 $ETH six hours ago.
Upbit will list the BMT token on October 24.
Crypto news outlet BiJie reports that South Korean crypto exchange Upbit has announced it will list the BMT token on its Korean won market at 12:00 on October 24.
Benzinga: McGlone warns Bitcoin could fall to $10,000
According to Benzinga, Bloomberg Intelligence's Mike McGlone said that if the S&P 500 falls 20%, Bitcoin ($BTC) could drop to $10,000. He called Bitcoin's rebound from $66,000 to nearly $87,000 a "bear market rally" and warned that Bitcoin remains highly correlated with the stock market.
Dow Jones leveraged fund net short position: 725 contracts
CoinWorld US stock data: In Dow Jones stock index futures, leveraged funds hold a net short position of 725 contracts, accounting for 0.77% of open interest.