The price of Pepe coin (PEPE) is gaining bullish momentum after a week of constant declines.
PEPE is up by 13.5% in the past 24 hours and is trading at $0.00000694 at the time of writing. The asset’s market cap increased to $2.92 billion, making it the 35th-largest digital currency.

佩佩幣 (PEPE) 的價格在經歷了一周的持續下跌後，正在獲得看漲勢頭。該資產的市值增至 29.2 億美元，成為第 35 大數位貨幣。

PEPE price, RSI, active addresses and exchange activity – May 2 | Source: Santiment

PEPE 價格、RSI、活躍地址和交易活動 – 5 月 2 日 |資料來源：Santiment

Moreover, the meme coin’s daily trading volume witnessed a 24% surge, reaching $1.14 billion.
The Pepe token, inspired by the popular 2000s Pepe The Frog meme, was created in April 2023. The asset has recorded a 12,200% rally since its creation and an all-time high of $0.0000107 on March 14, with its market cap reaching $4.2 billion.
It’s important to note that PEPE is currently the third-largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB).
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According to data provided by Santiment, the PEPE exchange inflow declined from 5.57 trillion tokens to 5.47 trillion tokens over the past 24 hours. The exchange outflow, however, registered a small hike and is hovering at 6 trillion PEPE.
This market behavior shows that investors are slightly accumulating the meme coin rather than selling for short-term profit. 
Data from the market intelligence platform shows that the number of Pepe daily active addresses has consistently increased over the past three days — from 2,670 on April 29 to 3,249 unique wallets at the reporting time.
When the price surges along with the number of active addresses, lower price volatility is usually expected due to a lower chance of whale manipulation. 
On the other hand, the PEPE Relative Strength Index (RSI) surged from 64 to 72, showing signs of overheating, per Santiment. At this point, the RSI indicator suggests that PEPE is moderately overvalued, and high price volatility is usually expected in these market conditions.
An RSI of below the 50 mark could potentially suggest a further price hike for PEPE.
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此外，meme 幣的日交易量激增 24%，達到 11.4 億美元。 14 日創下0.0000107 美元的歷史新高，市值達到42 億美元。著現貨ETF 流出量的增加，比特幣價格可能保持平穩根據Santiment 提供的數據，過去24 小時內PEPE 交易所流入量從5.57 兆個代幣下降至5.47 兆個代幣。然而，交易所流出量小幅上漲，徘徊在 6 兆 PEPE。市場情報平台的數據顯示，過去三天，Pepe 的每日活躍地址數量持續增加——從4 月29 日的2,670 個獨立錢包增加到報告時的3,249 個獨立錢包。飆升時，由於鯨魚操縱的可能性較低，通常預期價格波動較小。另一方面，根據 Santiment 報導，PEPE 相對強弱指數 (RSI) 從 64 飆升至 72，顯示出過熱跡象。此時，RSI 指標顯示 PEPE 被適度高估，在這些市場條件下通常預期價格會大幅波動。月下降67% 至6 千萬美元