🚀👉 PEPE Hits Record High of $0.0000143, Market Cap Reaches $5.6 Billion for the First Time – What's Next for PEPE?
PEPE has been called the best meme coin for ETH ETF. Anonymous crypto trader "Plazma" believes PEPE's upward trend will continue, though they anticipate short-term fluctuations along the way. "PEPE's price trend could persist in the coming weeks, with brief periods of rest and typical pullbacks. We might see it double or triple in just a few weeks," they wrote in a May 21 post on X.
Meanwhile, according to CoinGlass, PEPE's open interest (OI) – the total value of all outstanding PEPE futures contracts on crypto exchanges – surged by 40% in the last 24 hours to $172.96 million. Rising OI generally indicates traders are more confident in taking future positions on the cryptocurrency, with a significant number of long positions.
The price surge in the past 24 hours led to the liquidation of $6 million in short positions. If PEPE's price drops by 6%, it could liquidate $10 million in long positions. Over the last 24 hours, PEPE has led the price gains among the top 10 meme coins by market cap, but other top meme coins have also seen significant increases over the past week. BONK (BONK) rose by 40.80%, Floki (FLOKI) increased by 21.94%, and Book of Memes (BOME) climbed 25.04%.
❤️ Like | 💬 Comment | ↪️ Share 🚀
🔥 Please follow @Coinaute on Binance Square! 🚀🔥
- Website: coinaute.com
- Twitter: Coinaute EN
- Binance Square #coinaute
