๐จ Alert: $PEPE E Coin Could Crash By Around 30% Drop
The meme coin craze is back, but signs indicate that PEPE might be overpriced. Increased borrowing to purchase PEPE and high interest rates could lead to a mass sell-off.
#PEPE has significant open interest, accounting for 11% of its total value, surpassing even XRP. Despite a recent decline in trading volume, interest in PEPE remains strong.
#Traders bullish on $PEPE are paying hefty premiums to those betting on a price decline, potentially leading to forced selling at lower prices
However, if investment in PEPE continues to grow, its price might rise further. ๐๐ฐ
Be cautious! Cryptocurrencies are highly volatile. Consider your decisions carefully. ๐๐ฐ
[Note: This is informational and not financial advice.]
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