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Crypto

Pepe Rides Broader Crypto Rebound Amid Meme Sector Strength

Guavy AI Editorial Team
Instruments
PEPE
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The cryptocurrency Pepe (PEPE) has experienced a modest intraday move of 3.91% over the last 8 hours, which is part of a broader crypto rebound and meme-sector bid.

This move is not driven by a specific catalyst within the PEPE ecosystem, but rather as part of a larger trend in the market.

The price action for PEPE has been gradual, trending upward over the last 24 hours with an 8.23% gain, and showing no sudden 'news candle' that would indicate a discrete event.

The clear identifiable driver behind this rebound is a broader crypto and memecoin recovery tied to macro news, particularly the Federal Reserve's first rate hike since 2023.

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