PEPE Rides Broad Crypto Rebound to 5.43% Gain
The crypto market is experiencing a broad risk-on rebound, and PEPE is no exception. In the last 24 hours, the total crypto market cap rose by about 1.6% to roughly $2.8 trillion, with altcoin market cap climbing about 1.2%. Bitcoin surged above $81,000 with a 5% daily gain.
This upward trend has also been seen in many large altcoins, which posted similar or stronger gains. PEPE's price increased by 5.43%, trading from about $0.0000038085 to roughly $0.0000040213. This aligns with the broader market upswing.
A significant factor contributing to PEPE's increase is its new trading route on Solana via Sunrise, which highlighted its presence in the Solana ecosystem and potentially attracted new traders. However, this does not fully explain the price move.