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Pepe Coin has surged to a new all-time high, catching the attention of smart money traders who have moved a substantial amount of PEPE tokens. Over the past 24 hours, there have been significant movements totaling 250.40 billion PEPE, with notable accumulations and dumps by smart money addresses. For example, one address acquired 406.74 million PEPE from Binance, while another sold off 250 billion PEPE to the same exchange. Interestingly, the latter address had initially accumulated 475 billion PEPE on the coin's launch day and has since sold most of it, indicating a significant return on investment. Despite this, the address still holds a substantial amount of PEPE, showing confidence in future price increases.
PEPE's price has surged by almost 18% in the last day, reaching $0.00001005. This increase in price has been accompanied by a significant rise in trading volume and open interest, signaling strong bullish sentiment. However, there are concerns about a potential correction due to the high Relative Strength Index (RSI) indicating overbought conditions. Nevertheless, the overall sentiment towards PEPE remains positive, with its recent performance sparking discussions about its future potential.
