$PEPE and $GMX both caught a bid, but the amount traded was miles apart.
At 04:20 UTC on October 28, their Binance USDT spot pairs were up roughly 12.7% and 9.1% over 24 hours. Quote volume was about 55.2 million USDT for PEPE versus 626,000 for GMX, around an 88-fold gap. Both also had positive rolling seven-day returns.
I'd read the percentage move alongside that difference. Daily volume still leaves the order book and execution price to check.
At 04:20 UTC on October 28, their Binance USDT spot pairs were up roughly 12.7% and 9.1% over 24 hours. Quote volume was about 55.2 million USDT for PEPE versus 626,000 for GMX, around an 88-fold gap. Both also had positive rolling seven-day returns.
I'd read the percentage move alongside that difference. Daily volume still leaves the order book and execution price to check.