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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>.
CoinbaseMarkets: Bitcoin net long positions are concentrated at $81,993.
Coinbase Markets says the largest net long Bitcoin position is concentrated at $81,993. With Bitcoin currently trading below that level, the market is watching for changes in positioning. 64% of net long notional positions were established above the spot price. Investors will choose whether to keep adding to their positions or to close them out.
标普500期权Put/Call比报1.25
BiJie.com US stock data: The S&P 500 options Put/Call ratio is 1.25, with put option trading volume higher than call option volume for the day. Compared with the same-caliber snapshot 24 hours earlier, it rose by 0.02; compared with the same-caliber snapshot 7 days earlier, it fell by 0.21.
Zhang Jingjing of China Merchants Securities: A-shares are likely to continue rebounding, and the window for long-term capital allocation is approaching.
According to a report from Bijie Network, Zhang Jingjing, chief macro analyst at the R&D Center of China Merchants Securities, stated that export performance has remained strong since the third quarter, and proactive policy efforts have driven the recovery of domestic demand. The probability of a Federal Reserve rate hike in October is not high, and the global liquidity environment is expected to improve in stages. Combined with a series of regulatory measures and expectations of long-term capital entering the market, A-shares are likely to continue the rebound seen on October 23. Zhang Jingjing pointed out that the fourth quarter is often a window for long-term funds such as insurance institutions to position for the coming year's market, and incremental funds are expected to gradually enter the market, forming a trend-driven boost for directions with low valuations, safety buffers, and growth prospects. She believes that the current investment value of the A-share market is reflected in the aforementioned directions with low valuations, safety buffers, and growth prospects.
The most recent funding rate for the SOL perpetual contract is 0.005079%.
CoinWorld data: The most recent funding rate for the SOLUSDT perpetual contract is 0.005079%, with longs paying shorts. Compared with the same-metric snapshot 24 hours ago, it decreased by 0.0003 percentage points; compared with the same-metric snapshot 7 days ago, it increased by 0.0034 percentage points.
Swell suspends swETH and rswETH deposits and withdrawals, corrects abnormal exchange rate
According to CoinWorld news, Swell suspended deposits and withdrawals of sweth and rsweth at 2:39 AM Eastern Time on October 23 in order to correct their net asset values. On-chain data shows that at 16:48 the contract reported sweth at approximately 1.203 ETH and rsweth at approximately 1.138 ETH, higher than the exchange rates of 1.133 and 1.082 identified by spreek; on DEXs, sweth was approximately 1.089 WETH and rsweth approximately 1.029 WETH. spreek stated that at 21:28 on October 21 an admin key was suspected of being compromised, and the attacker deployed a malicious contract capable of withdrawing approximately 2,513 ETH. Odysseus, founder of Phylax Systems, said it was a case of bot key misuse. Railway disclosed that unauthorized third parties may have been able to read customers' encrypted environment variables. Swell stated that the funds are safe.
The most recent funding rate for the ETH perpetual contract is 0.003284%.
CoinWorld data: The most recent funding rate for the ETHUSDT perpetual contract is 0.003284%, with longs paying shorts. Compared with the same-metric snapshot 24 hours earlier, it is down 0.0016 percentage points; compared with the same-metric snapshot 7 days earlier, it is up 0.0047 percentage points.
Kyiv, October 24 (Cailian Press) — A Ukrainian drone manufacturer said that the Ukrainian military attacked a petrochemical plant in Tolyatti, Russia.
According to a CoinWorld report, Caixin reported on October 24 that a Ukrainian drone manufacturer said the Ukrainian military attacked a petrochemical plant in Tolyatti, Russia.
BTC saw a net capital inflow of 239.1538 BTC over the past 24 hours.
BiJie Network data: BTC saw inflows of 6,412.8011 BTC and outflows of 6,173.6472 BTC over the past 24 hours, for a net inflow of 239.1538 BTC. This figure comes from the rolling 24-hour calculation of the same BTC fund distribution interface, with the net amount calculated as inflows minus outflows. It does not represent net exchange inflows, on-chain exchange flows, or institutional fund flows, and should not be conflated with deposit and withdrawal data from any single exchange. Compared with the same-calculation snapshot 24 hours ago, it is down 59.01%; compared with the same-calculation snapshot 7 days ago, it is up 193.42%.
Hayes: High-FDV tokens no longer surge after listing on Binance; launches fair-launch project Flop Labs
According to CoinWorld news, Flop Labs CEO Arthur Hayes said in his Token2049 speech that high-FDV, low-float tokens no longer surge after listing on Binance, and criticized the venture capital presale model. He proposed Flop Labs' 100% fair launch plan, with no presale and no VC allocation, and users can participate through the testnet to earn Flop. The genesis airdrop accounts for about 24.3% of the 10th-year supply (about 4.4 billion out of 18.1 billion tokens), and is planned to launch in late October or early November 2026, with the mainnet Genesis scheduled for the first quarter of 2027. Flop Labs is funded by Arthur Hayes personally, and Flop is not yet trading.