In recent weeks, Pepe Coin (PEPE) has experienced significant fluctuations in its value. In late May 2024, PEPE hit an all-time high of $0.00001725, driven by increased interest in the Ethereum ecosystem following the approval of 19-4b ETF applications by the SEC (Cointelegraph) (FX Empire) . However, after this peak, the price has seen a correction, declining by approximately 32% from its peak (CoinGape).

Despite this correction, there are technical signals and market activities that suggest a possible rebound. The activity of "whales" (investors with large amounts of tokens) indicates that some have been accumulating PEPE, which could anticipate an upward trend (FX Empire). Additionally, trading volume has decreased considerably, which may be a sign that selling pressure is easing and the market could be close to bottoming (FX Empire).

In summary, although PEPE has faced a significant drop in its price, technical indicators and market activity suggest that there could be a recovery in the coming weeks. Investors should closely monitor these developments and be prepared for possible moves both up and down in the near term.

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