The meme coin fervor has resurged, yet there are indications that PEPE may be overvalued. An increasing number of individuals are leveraging borrowed funds to invest in PEPE at high interest rates, potentially setting the stage for a mass sell-off.
PEPE exhibits considerable open interest, constituting 11% of its total market value, surpassing even XRP. Although trading volume has diminished, interest in PEPE remains strong. The scenario is intensifying as those betting on PEPE's price rise are significantly compensating those anticipating a decline, which may precipitate forced sales at reduced prices.
However, should investment continue to flow into PEPE, its price could sustain an upward trajectory. 📈💰 Caution is advised with cryptocurrencies, given their rapid and unpredictable fluctuations. Consider your options wisely before investing. 📉💰
[Note: This is not financial advice but information to enhance your understanding of the current cryptocurrency dynamics.]
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