At press time, PEPE was trading near $0.000001273, having recorded an impressive 15% price uptick in the past 24 hours.
During this period, investor and trader participation has skyrocketed, leading to a 70% surge in trading volume compared to the previous day.
This increase in both price and trading volume indicates strong upward momentum and buying pressure, which could help the memecoin sustain its recent gains.
According to CoinGlass data, over $9.80 million worth of PEPE has left exchanges over the past 48 hours.
Such an outflow of assets amid upward momentum and potential accumulation can lead to increased buying pressure and further fuel the rally.
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