In a particularly dynamic crypto market, the PEPE memecoin displays remarkable performance with more than 70% of its holders in positive territory. This spectacular increase comes as the token has just crossed an important psychological milestone by erasing a zero from its unit value.
A historic performance driven by upward momentum
PEPE reached a symbolic milestone by erasing a zero from its unit value, reaching $0.0000104. This major progression propelled 224,330 addresses, or 72% of holders, into the profitable zone, according to data from IntoTheBlock.
This spectacular increase contrasts with the situation of 62,700 addresses (20.11%) which remain in lossreflecting a highly asymmetrical market. The price increase is explained in particular by a particularly optimistic market sentiment and a sustained purchasing dynamic, despite the volatility inherent in memecoins.
Daily trading volume reached $1.32 billion, although down 3.62% over the last 24 hours. This drop in volume raises questions about the sustainability of the current rally, with analysts recommending close monitoring of this key indicator which could portend a technical correction.
The Robinhood Effect Catalyzes Institutional Adoption of Pepe
The integration of PEPE on mainstream platforms plays a determining role in its recent appreciation. Robinhood, the American leader in online brokerage, recently deployed a PEPE transfer functionality for its European customers. This strategic initiative, accompanied by a 1% deposit bonus, considerably facilitates access for European individual investors to this digital asset.
This democratization of access to PEPE via a regulated platform strengthens its legitimacy and significantly broadens its base of potential investors. The Robinhood effect could thus continue to support the price in the weeks to come, subject to maintaining trading volumes.
PEPE’s performance demonstrates the growing maturity of the memecoin segment. However, caution remains in order given the volatility characteristic of this asset class, which is particularly sensitive to variations in crypto market sentiment.
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