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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 long-short account ratio for ETH contracts is 3.39.
CoinWorld data: The ETHUSDT 4-hour long-short account ratio is 3.39, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.2125; compared with the same-caliber snapshot 7 days ago, it rose by 0.3079.
S&P 500 leveraged funds net short 372,869 contracts
CoinWorld US stock data: In S&P 500 index futures, leveraged funds hold a net short position of 372,869 contracts, accounting for 19.07% of open interest.
A certain address has accumulated losses of $25.98 million, closed its BTC short position, and opened a long position.
According to data from Bijie.com: a certain address's contract account has accumulated losses of approximately $25.98 million. On October 25, the address closed a BTC short position of about $1.56 million and subsequently opened a BTC long position of about $3.09 million. The average price at which the short was closed was about $80,822, and the average price at which the long was opened was about $80,765.
The number of advancing stocks listed on the Nasdaq stands at 2,773.
CoinWorld US stock data: Nasdaq gainers for the day totaled 2,773 securities. This is flat compared with the same-caliber snapshot 24 hours earlier, and up 140.5% compared with the same-caliber snapshot 7 days earlier.
IRYS 24小时跌超70%，现报0.031 USDT
CoinWorld data: According to OKX market data, IRYS has fallen more than 70% in the past 24 hours and is now trading at 0.031 USDT. Previously, IRYS reached a high of 0.32 USDT on October 24.
Amazon's Jassy: AWS compute capacity essentially sold out for 2027, with some orders locked in through 2028
According to CoinWorld news, Amazon CEO Andy Jassy said that driven by persistently strong demand for AI infrastructure, Amazon Web Services (AWS) cloud computing capacity is essentially sold out through 2027, with a large number of long-term compute orders locked in through 2028. Jassy noted that cloud compute capacity for 2026 is already fully booked, and the company will continue to increase investment to meet demand. Amazon is scheduled to release its third-quarter earnings report on October 29 local time.
Large holders bought the dip with 2,887.49 ETH when ETH fell below $2,300.
According to CoinWorld news, last night, as Bitcoin was about to fall below $80,000 and Ethereum below $2,300, a whale with the address 0x3c2…0e3a8 bought 2,887.49 ETH on-chain at an average price of $2,315, worth about $6.68 million. Just ten minutes after the whale's purchase, the broader market hit a short-term bottom and began to rebound, and the position is currently sitting on an unrealized profit of about $122,000.
The total market capitalization of stablecoins reported $304.4 billion in the daily snapshot.
CoinWorld data: The daily snapshot for 2026-10-25 shows that the total circulating market capitalization of stablecoins within the statistical scope was $304.4 billion.
S&P Dow Jones Indices adjusts the rules for classifying growth and value stocks.
S&P Dow Jones Indices has introduced new rules adjusting how growth and value stocks are classified. The new rules will incorporate intangible assets, expected earnings, and free cash flow into the evaluation factors for value stocks, while the growth stock evaluation criteria will no longer reference a stock's upward momentum over the past 12 months. The new rules will take effect before the U.S. market open on December 21 local time, and index-tracking funds will need to rebalance accordingly, affecting approximately $375 billion in passive funds. Researchers and fund managers believe that the long-term underperformance of value stocks is partly due to flaws in existing measurement standards.