🗽✈️ PEPE Warned of Possible Big Crash 🤯💥📈

Pepe (PEPE) has become the top gainer in the cryptocurrency market, with its price shooting up significantly in both daily and weekly performances. But there's a warning:

PEPE might face a long squeeze this week, which could cause its price to drop sharply.

Even though PEPE's price surge has excited early investors, it has also led to many traders betting on its rise in the derivatives market.

This has increased PEPE's open interest to over $510.35 million, which is 16.4% of its $3.11 billion market cap.

PEPE's 24-hour derivatives volume has also risen, reaching $6.70 billion, an 81% increase compared to its 41% daily price jump to $0.00000755.

The liquidation heatmap for PEPE suggests a possible crash soon.

Traders put up collateral for each new long position they take, agreeing to sell if the price falls below a certain level.

If PEPE drops past these levels, triggering liquidation, it could lead to a series of sell-offs and an 85% crash to $0.000001.

It's common for meme coins like PEPE to experience such drops after periods of excitement. However, PEPE's future depends on how much money flows into it in the coming days.

Cryptocurrency traders and meme coin speculators need to stay alert due to these potential risks.

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