Latest news from the crypto world, PEPE is experiencing a tremendous price surge! 🚀 In the past two days, PEPE has finally followed in the footsteps of Dogecoin with a significant breakout. 🐸
After hitting a previous high of $0.00001725 on May 27, PEPE had fallen to $0.00000771 earlier this month. 📉 However, PEPE has now shot up around 233%, hitting a new high of $0.00002597! 🎉 Currently, PEPE is priced at $0.00002224.
The rally was driven by strong demand in the derivatives market, with futures open interest surging to $281.84 million in the past 24 hours. 💰 This is the highest number ever recorded for PEPE! 📊 Despite this surge, many traders are starting to prepare to take profits, so there is a possibility that selling pressure will return. 😬
Data shows that large holders (whales) are very active in this rally. 🐋 Inflows for large holders increased from 1.81 trillion PEPE on November 2 to 39.66 trillion on November 13. Meanwhile, outflows also increased from 1.6 trillion to 40.77 trillion in the same period. 🔄
Although there is more profit-taking from whales, there is still a lot of PEPE flowing to large holders' addresses, which could be a sign that we might see more bulls in the future! 📈 So, stay tuned for PEPE developments! 👀 $PEPE #CryptoExplorerFiesta #pepecoin🐸 #PEPE💚 #PEPE❤️ #memecoin🚀🚀🚀