$PEPE Giant whales appear, aiming for a new high in 2024! ?
According to recent on-chain indicators, whales and retail traders are accumulating PEPE in large quantities, and more and more long positions are being opened. Open interest has also increased a lot, from $95.68 million on September 23 to $114.39 million on September 25.
Moreover, a large amount of PEPE has flowed out of the exchange, and the net flow is negative. This usually means that market participants transfer PEPE to their wallets for long-term holding, and they are confident that this asset will appreciate.
So, on the whole, the rebound of PEPE may not be over yet. With this rising potential and bullish market structure, PEPE may continue to lead other meme coins in the near future! Let's wait and see!
