The number of treasury holding more than 10 million#PEPEis increasing.
The lack of a significant increase in open interest suggests that people may still be cautious about making new purchases. Additionally, there are reports of an increase in funds holding over 10 million $PEPE. This development suggests that there is not much selling pressure on the popular memecoin. Considering Bitcoin hit 63,000, these stats could remain positive for a while.
In the process, it will play an important role in the development of the memecoin market. The popular memecoin, which took the market by storm in 2023, could strike again in the final months of 2024 if the trend strengthens.
However, it is still uncertain where the memecoin trend will take place. For example, a summary of the cat memecoin craze in recent weeks. Many cat shop memecoins, especially POPCAT, have experienced their own price surges.
