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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>.
Motley Fool analysis says Solana's network activity and stablecoin usage outperform XRP
Motley Fool analysis points out that Solana outperforms XRP in network activity, transaction throughput, and stablecoin usage. In September 2026, Solana processed 3.18 billion non-vote transactions, with stablecoin supply between $17.3 billion and $17.5 billion, and daily active addresses reaching 888,000. In the same period, the XRP Ledger processed 222.4 million transactions in the second quarter of 2026, with stablecoin holdings of $1.11 billion. These metric differences affect market sentiment and Solana price expectations, and the market is watching whether Solana can sustain transaction volume and stablecoin activity. Regulatory developments between the SEC and Solana Labs also affect pricing.
A missile fell into the Tuhayta District of Al Hudaydah Governorate.
Crypto news: According to Saudi Arabia's Al Arabiya TV, a Houthi missile launch failed and the missile fell into a civilian house in the al-Tuhayta district of Hodeidah province, killing 5 civilians including children.
US media: US allies race to reduce dependence on SpaceX
According to a Wall Street Journal report, Elon Musk's restriction of Ukraine's use of the Starlink communications network has prompted U.S. allies to step up their search for alternatives. Starlink is vital to Ukraine's defense against Russian attacks, and Europe is concerned because the system has a built-in "kill switch" that gives Musk the authority to shut down the network without consultation. Polish Foreign Minister Sikorski said to Musk on social media: "The more you politicize your product, the more you damage your brand." The Polish government has participated in funding Ukraine's use of the system. Ukraine and Finland announced that, as part of a €300 million aid package, Kyiv will join a satellite communications network jointly operated by Finnish satellite operator ICEYE and Nokia. Canada's Telesat has proposed the "Lightspeed" low Earth orbit satellite network plan, emphasizing greater sovereign independence. The EU has signed contracts with Eutelsat and two other companies to build a 348-satellite "sovereign satellite network" called IRIS², a project costing about $17.5 billion, with the first satellites planned for launch in 2029.
Houthi forces say Saudi airstrike on a cement plant in Yemen has killed 8 and injured 10.
According to a message from the health department of Yemen's Houthi armed forces on the 24th, the Saudi-led multinational coalition launched an airstrike that day on a cement factory in the Hamdan area northwest of Yemen's capital Sanaa. The attack has killed 8 people and injured 10, with most of the casualties being women and children. As of now, the Saudi-led coalition has not responded to the airstrike or the casualties. Earlier that day, coalition spokesman Turki al-Maliki said on social media that the coalition intercepted and destroyed a ballistic missile fired by the Houthis toward the Saudi capital Riyadh.
The protocol reported $38.0553 million in revenue over the past 24 hours.
CoinWorld data: During the period, the protocol's revenue over the past 24 hours was $38.0553 million, a decrease of 5.68% compared with the previous statistical period under the same methodology.
The U.S. 2-year Treasury yield is at 4.65%.
CoinWorld US stock market data: The latest daily reading of the US 2-year Treasury yield is 4.65%. Compared with the same-caliber snapshot 24 hours ago, it is down 0.16 percentage points; compared with the same-caliber snapshot 7 days ago, it is down 0.12 percentage points.
Local officials said Ukrainian drones reached the Russian industrial hub of Omsk.
Cryptocurrency news: Local officials say Ukrainian drones reached the Russian industrial hub of Omsk.
The South Korean government and the Bank of Korea plan to revise the Foreign Exchange Transactions Act to define stablecoins as payment instruments.
According to a report by Bihang, the South Korean government and the Bank of Korea plan to revise the Foreign Exchange Transactions Act within this year, defining stablecoins as payment instruments and establishing a virtual asset monitoring framework. The Bank of Korea is coordinating with the government on regulatory measures for cross-border digital asset transactions and plans to jointly submit a legislative amendment within the year to bring stablecoins under the Foreign Exchange Act along with a supporting monitoring system. Lee Eok-won, chairman of the Financial Services Commission, said at a Thursday hearing that discussions on the Basic Act on Digital Assets are nearly complete and that the government will push for its enactment.
HSBC launches the Red Coin and plans to introduce tokenized funds.
CoinWorld news, HSBC began rolling out its Hong Kong dollar stablecoin Redcoin to PayMe users on October 23, making it one of the first bank-issued stablecoins in Hong Kong aimed at ordinary retail customers. After updating PayMe, users can activate a Redcoin wallet and, without opening a new bank account or maintaining a minimum balance, instantly send RCHKD to contacts or pay participating merchants. HSBC said each Redcoin token is backed by high-quality liquid assets and can be redeemed one-to-one for Hong Kong dollars. HSBC's larger plan will unfold in its main Hong Kong mobile banking app, with tokenized investment products expected to launch by the end of 2026.