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PEPE Meme Coin Jumps 6% as Trading Volume Triples

PEPE's price surged 6% in under 24 hours, reaching $0.000009627, with trading volumes nearly tripling to 5.61 trillion tokens as traders engaged in a breakout rally. This uptick was part of a broader market shift where the CoinDesk 20 index rose by 4.3%, and the memecoin sector gained around 5%. The price volatility expanded beyond 7%, pushing past established resistance. Whale activity significantly contributed to this price increase, as the top 100 non-exchange addresses on Ethereum increased their PEPE holdings by 3.4% in the last month, while exchange wallets saw a 2% decline. Current price support is at $0.00000900, with resistance noted at $0.000009681. Furthermore, open interest in PEPE futures has risen to approximately $600 million, indicating increased interest in leveraged trading of the token.

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