Pepecoin (PEPE) experienced a modest price increase on November 5 as regulatory bodies in the UK and Japan signaled a more open stance towards digital assets. Despite this, PEPE's price remained under pressure, fluctuating between $0.0000058 and $0.0000060, and experiencing a 19% drop over 24 hours. In the UK, the Financial Conduct Authority (FCA) plans to release a consultation paper on non-systemic stablecoins on November 10, which is anticipated to clarify payment token regulations. Meanwhile, Japan is considering tax exemptions on crypto profits and reduced leverage limits, potentially enhancing trading activity and liquidity for meme coins like PEPE. Market dynamics have shown reduced volatility since October, with fewer liquidations, as the total crypto market cap stabilizes around $1.3 trillion.