Hehehehe!!!

A friend of mine shorted PEPE yesterday, and he left in the morning. It's too fierce, my friends! Foreigners on the Internet are bullish on PEPE and it can reach $1! Yesterday, PEPE's trading volume soared 300% in the past 24 hours, and the price has been rising for a month, with an increase of 95%. PEPE's market value has soared 22% to $4,540,608,117. So, why did PEPE soar? There are mainly three reasons:

1. The wealth-creating effect drives fame growth

When PEPE was launched a year ago, it brought millions of dollars in profits to early investors. Although the price of PEPE has dropped during the bear market, its popularity has not diminished but increased. At the beginning of this year, as PEPE continued to rise for three consecutive months, people's confidence in PEPE's profits was restored. It is precisely because of its strong wealth-making effect in the primary and secondary markets that PEPE has gained fame and reputation in the market. This reputation has driven its value to rise for several consecutive days, eventually reaching ATH.

2. Increased whale activity

According to the sentiment report, whales trading over $100,000 worth of cryptocurrencies have surged by more than 416% in the past 24 hours. The surge in whale activity has increased the number of whale transactions from 35 to 697 per day.

Additionally, exchange inflows surged 255%, reaching 8.03 trillion tokens.
Although the outflow rate also soared to 6.73 trillion PEPE, the net inflow of 1.3 trillion PEPE caused the value to soar.

3. MEME coin triggers market frenzy

The cryptocurrency market is going through a correction zone, with only meme coins being stable compared to the rest. This overall meme dominance has helped the current surge in PEPE prices.

Many PEPE investors believe that PEPE can soar to $1 and become part of the top ten cryptocurrencies on the market. Although PEPE still has a long way to go from the $1 mark, it will take a long bull market to push its value to around $1. However, its continued growth over the years indicates the potential for the token to soar to $1 one day. If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click to follow me Zhuyefang Wumen Kanqunli to publish market analysis and recommend high-quality potential currencies every day.

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