🟢 $PEPE : Something Big Is On The Way🟢
The meme-based crypto Pepe coin (PEPE) surged by 23% on July 16th after Nascent, a venture capital firm, bought 141 billion PEPE tokens.
LookOnChain’s data shows Nascent swapped $3.41 million of MKR tokens for 141.23 billion PEPE and 281,000 LDO tokens on Binance, bringing their total PEPE holdings to 608.85 billion, worth $7.49 million.
Pepe coin’s latest jump is impressive, hitting a new record of $0.00001718 and bouncing back from market dips to $0.00001178.
Derivatives data indicates a positive outlook, with futures open interest increasing by 17.48% to $134.2 million and derivatives trading volume jumping by 216.89% to $3.91 billion. The (RSI) is around 58, suggesting a neutral market with a slight buying push3.
Despite the positive trends, the crypto market remains volatile, and investors should monitor PEPE closely for potential changes.
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